turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Will the $10,200 exemption on unemployment benefits apply to 2021 income taxes

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Donna F 77
Employee Tax Expert

Will the $10,200 exemption on unemployment benefits apply to 2021 income taxes

Unfortunately, IRS has not announced any exclusions of unemployment income for your 2021 tax return.  Here are some great links that you may find helpful:
https://www.cnbc.com/2021/07/12/dont-count-on-another-tax-break-on-unemployment-benefits.html

https://www.usatoday.com/story/money/taxes/2021/07/18/unemployment-benefits-tax-free-2020-dont-expec...

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Will the $10,200 exemption on unemployment benefits apply to 2021 income taxes

actually, it's Congress that decides on the taxability of UC for federal purposes. there has been no mention of it doing anything for 2021

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies