Deduct $10,000 unemployment? Previous answers says you have to wait until all changes go through to turbo tax. Needing the $$ do we file now then file an amended?

danielpettet · ‎March 13, 2021

xmasbaby0 · ‎March 13, 2021

Amended returns take 4-6 MONTHS to be processed. So if you do not want to wait a little while for the software to incorporate the tax law change that just passed, be aware of the wait you will have if you have to amend.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Ethekp · ‎March 13, 2021

Another person answered that I should not just subtract up to $10,200 but it could be quite a while before Turbo Tax has a fix.

xmasbaby0 · ‎March 13, 2021

We truly do not know how long it will be----but this law was signed a couple of days ago. It is unrealistic to expect the software to change that fast. Give it at least a week to see what the timeline is looking like.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Deduct $10,000 unemployment? Previous answers says you have to wait until all changes go through to turbo tax. Needing the $$ do we file now then file an amended?