My daughter lost her job in 2020 as a result of the pandemic and filed for unemployment benefits in California. However, due to the huge backup, she didn’t receive any benefit check until February of 2021. Does that mean she can’t use the $10,200 Federal tax exclusion (in the latest COVID relief bill) because the unemployment money was not received in 2020? Is she just SOL?
She will be able to use it in 2021… unless they change the rules again.