The details on the $10,200 tax free unemployment in the new stimulus bill.
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The first $10,200 unemployment you received in 2020 is nontaxable. The unemployment insurance boost was fully taxable until the $1.9 trillion stimulus bill was passed with the stimulus checks, unemployment insurance boost, EIDL grant, PPP loan, child tax credit, rent assistance, and other stimulus provisions.
In order to get the $10,2000 unemployment insurance nontaxable, you need to wait for the IRS to provide the unemployment insurance worksheet for your tax software (turbotax, tax act, etc.) or CPA to use to file your 2020 taxes for the $10,200 unemployment insurance nontaxable.
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#Unemployment
