IRS releases unemployment income worksheet - Spidell

IRS releases unemployment income worksheet


The IRS announced they will release further guidance on the American Rescue Plan provisions. They have developed a worksheet for reporting unemployment income, which can be accessed at:

www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation

For taxpayers with unemployment income who have already filed, do not amend returns until the IRS provides more guidance.