For Tax Year 2020 only.
Vermont elected to follow the IRS unemployment exclusion as of April 1, 2021.
What if I filed before April 1, 2021 and excluded the unemployment income?
- If you filed after March 15, 2021 and took the exclusion at the federal level would need to take no further action
- If you filed before the federal change and Vermont approval, the state will make the necessary adjustment automatically.
Do not file an amended return until Vermont issue further guidance.