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Unemployment

I collect social security monthly and 30% disability from the VA monthly and I have been collecting unemployment weekly all year. Will the $10,000 unemployment exemption be already figured in my year end totals or do I need to deduct it somehow? Thank you

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Unemployment

Have you filed yet?  You enter the full gross amount from unemployment.  Turbo Tax will automatically subtract the 10,200 exemption.

 

Your unemployment compensation will be on Schedule 1 line 7.  The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.

 

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