This content is for the first coronavirus relief package, The Coronavirus Aid, Relief and Economic Security Act (The CARES Act), which was signed into law in March 2020. For information on the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the second coronavirus relief package signed into law on December 27, 2020, please visit the “New Coronavirus Relief Package: What Does it Mean for You and a Second Stimulus Check” blog post.
While unemployment can be overwhelming, know you don’t have to navigate it alone and TurboTax is here for you. If you recently became unemployed or furloughed, you may be wondering what’s next and what you need to understand about things like filing for unemployment benefits, how unemployment is taxed, and general tax and financial solutions during unemployment.
In order to help support and connect those who became recently unemployed with much-needed answers to tax and money questions, TurboTax has launched the TurboTax Unemployment Center available in English and Spanish.
The TurboTax Unemployment Center provides up to date information and tax advice on everything from managing your day-to-day finances to understanding what this means for your taxes. Furthermore, it is focused on helping educate and empower the millions of Americans who are unemployed, so they feel in control of their financial situation and can file their taxes with confidence.
Learn more about unemployment benefits, unemployment insurance and eligibility via the Unemployment Center’s resources related to:
- Tax implications and advice: TurboTax CPAs can help you navigate tax implications and address tax questions related to unemployment income. If you’ve been laid off or furloughed, our CPAs are here to help guide you with confidence.
- Unemployment benefits and insurance: Information on what unemployment benefits and unemployment insurance you might be eligible for, how the CARES Act expanded unemployment, and general guides on unemployment benefits for the self-employed.
- Financial management, job tips, and frequently asked questions: The support and advice you need to manage your day-to-day finances, including additional tools to help with budgeting, looking for a new job, finding extra income, and more.
TurboTax is here to keep you informed and help you understand taxes from the comfort of your home. If you’re recently unemployed, our TurboTax Unemployment Center can provide you with the information you need to better understand current unemployment benefits and the tax implications, unemployment insurance, and unemployment eligibility.