Reporting Unemployment Income $10,200 exemption
We are eligible to exclude $10,200 of unemployment income. However, I have found the instructions unclear on how to report this in Schedule 1, Lines 7 & 8. Can you help me with this? Thank you!
Terry Says
There is a new worksheet that explains how this works. Here is a link to that explainer from the IRS.
Or else just get help from a professional tax preparer or free online filing help from TurboTax if your income is below $72,000.
