When is turbo updating the new stimlius benifit on taxes for unemployment i dont wont to have to do an amended return

Forum|Forum|5 years ago
March 13, 2021
2 replies
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ee-ea

Alumni - Champ

This is from the IRS https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

JotikaT2

Alumni - Expert

It is still being determined at this point by the IRS. According to the newly passed legislation, the first $10,200 on unemployment earned in 2020 would be considered nontaxable if your household income is less than $150,000.

IRS Statement on American Rescue Plan

Once the IRS issues some guidance, TurboTax will be able to update their software accordingly.

How will the 3rd stimulus affect me

@barbaradistephan

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When is turbo updating the new stimlius benifit on taxes for unemployment i dont wont to have to do an amended return

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