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March 26, 2021
Question

When will turbotax show the Unemployment Compensation Exclusion for this tax year?

  • March 26, 2021
  • 1 reply
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1 reply

DoninGA
Employee
March 26, 2021

TurboTax updated the online editions for the unemployment compensation exclusion on 03/19 and due to the IRS change to AGI calculation updated all the TurboTax editions on 03/26 for the exclusion.

 

Enter your unemployment compensation from your Form 1099-G and the exclusion will be calculated by program provided that your 2020 AGI is less than $150,000.