$10,200 Unemployment Exemption On Tax Return.

Our tax software updates today (March 16th) for the unemployed exemption of $10,200 legislation that was recently passed. Luckily we live in Texas and donât have to worry about State income tax.

All tax preparers across the nation are in a holding pattern because the income tax states have not decided if the Unemployment income will be taxable at the state level or not.