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Returning Member
posted Mar 12, 2021 4:07:20 PM

Ho do I handle amending my 2020 return to exclude the first $10,200 of unemployment benefits which are not taxable per the new stimulus package?

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1 Replies
Level 15
Mar 12, 2021 4:12:05 PM

You need to wait until there is more information.

 

 

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

 

 

 

You are among millions who have now been affected by a mid-tax season change in the tax law.  Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

It can take weeks to several months or more for the changes to be made to tax software.   First the IRS has to change its forms.   The tax software has to be changed; the IRS has to test and approve of the software.   Do not expect changes in the software to happen quickly.   TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.