The new stimulus bill exempts $10,200 unemployment benefits from tax. How do we handle this on the tax return?
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New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service (irs.gov)
2,343,444
How do we deal with this through proseries. Will they provide an adjustment or do we just take 10,200 off on line 8
schedule 1 line 8 that is
Follow the instructions on the link and manually add it. But then the question is, what do you do with your state?
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