NEW COVID LEGISLATION

[user168033]

I've read that an amendment to the current bill allows for $10200 of unemployment income l not to be taxable . Please confirm.  

[IntuitAustin · Accepted solution]

While we await President Biden's signature on the American Rescue Plan, we are monitoring the situation very closely and will provide updates as they are available. 

For the latest and greatest, check out our COVID-19 Resource Center, our Tax Pro Center post about the American Rescue Plan, or the Tax Law and News on the Tax Pro Center.

Of course we will also post any relevant product updates here in the Accountants Community under the News & Updates sections in the community.