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Hawk26
Level 3
March 16, 2021

Up to $10,200 of Unemployment Compensation is non-taxable

  • March 16, 2021
  • 1 reply
  • 3 views

Just an FYI to everyone....

IRS issued new guidelines to exclude up to $10,200 of unemployment compensation from taxable income.  There is income limits (AGI) so be sure to read the IRS notice.

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    1 reply

    BobKamman
    BobKamman
    Level 15
    March 16, 2021

    Most people here have been following that discussion for weeks.

    Here is the latest from Intuit

    https://proconnect.intuit.com/community/form-1099-g/help/common-questions-on-the-unemployment-compensation-exclusion/00/142301 

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