NYS Tax Treatment of Unemployment Compensation

The Federal American Rescue Plan Act of 2021 (ARP) includes a provision that allows certain individuals to exclude up to $10,200 of unemployment compensation received in 2020 from federal gross income. If your modified adjusted gross income (AGI) is less than $150,000, the new provision allows up to $10,200 of 2020 unemployment payments to be exempt from federal income tax. The exemption is per...
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