LilFos
Level 3
03-19-2021
07:41 AM
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Well that is good to know. However what about states that, before this exemption, taxed your unemployment, that now require amended status. I am particularly interested in Maryland. Anyone here the latest on what MD will do. Will they follow the IRS plan or require amended returns. I did read where they will perhaps add a Subtraction modification that will exempt the amount of unemployment that was in excess of the federal exemption amount ($10,200) and taxed on the 1040 which in effect will exempt all the unemployment on the state return.