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Returning Member
posted Mar 7, 2021 8:22:10 AM

New stimulus credit for unemployment

Now that it looks like there will be a tax credit for up to 10,200 for unemployment received.  I have already filed so now what do I do?

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1 Replies
Level 15
Mar 7, 2021 8:30:18 AM

That tax law has not yet been signed into law by the President.   When that happens then the IRS will need to change the tax forms, the programmers have to change the software, and then the IRS has to approve of their software.   That will take time---we do not know yet when all of those changes will be accomplished.  As soon as more is known, TurboTax will provide information.