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Level 2

Question

10200 Unemployment Not Being Exempt

51 replies
178 views

Now that TT has been updated for the 10200 unemployment directive I would expect my taxable income to be smaller. However it remains unchanged and I see that all of my unemployment benefits are being counted as taxable income. What's going on? (My total income even with unemployment is under 70k)

NeuroPsyche

Level 4

Same here. TT has NOT changed it's program to allow for the 10,200 unemployment exception. According to tax code, from what I'm reading on the IRS site, the $10,200 amount needs to be added to line 8 of Schedule 1, as a negative amount, in parentheses. TT wont even allow me to add a negative amount in the Schedule 8, line 1, worksheet. Whats going on?

bchrist771

Level 2

That's because the GREAT TURBO TAX has not updated their software yet, even though I read on other post, that it should have happened on the eve of March 17, 2021. We are all holding OUR BREATHS. Brenda

Hal_Al

Level 15

The update is expected by end of today (3/19/21)

bchrist771

Level 2

I sure hope so, kinda of like saying "checks in them mail" Brenda

NeuroPsyche

Level 4

TT released prior that they were going to have the 10200 UC tax exception updates released yesterday, Thursday but so far, as of today, Friday 3/19, they were not.

I just fetched updates, which TT found no new ones, several times today, Friday 3/19. It's afternoon here in PA now, and no updates.

hadesflamesAuthor

Level 2

The thing is, I actually did get an update. I installed an update this morning that was released last night according to the software. And yet, no exemption...

NeuroPsyche

Level 4

Yes, I did receive an update too this morning but it did not change any of the coding for Schedule 1, line 7 and 8.

When TT updates you'll see using the Forms View, that changes were made to Schedule 1... they will have to be since the IRS says so on their website.

hadesflamesAuthor

Level 2

This country is so beyond stupid. It's been an entire week since the directive was released and STILL NOT **bleep**ING UPDATE. Absolutely pathetic. **bleep**bag companies like intuit lobby millions of dollars to ensure they have this scam ass industry instead of just doing the sane thing of letting the IRS do our taxes for us like EVERY OTHER DEVELOPED COUNTRY IN THE WORLD. What do we get out of it? **bleep** all except having to deal with taxes every **bleep**ing year and the bill that comes along with it. These companies should all go bankrupt.

dhbmmoran

Level 2

I also have not seen any change to my refund amount after accessing my return on 3/20. Both my husband and I collected UEI this year so expecting not to pay tax on 20,400 in UI compensation. Has anyone seen if the update has been delayed?

macuser_22

Alumni - Champ

If you already filed then the IRS will make the adjustment for you. Amending is not necessary. The IRS has not stated any timeline for doing this.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

dhbmmoran

Level 2

I have not filed yet. I thought I should wait until turbotax updated.

Troueche

Level 2

Monday at 4:12 pm EST and no updates for my unemployment credit. Still shows full amount as taxable income

NeuroPsyche

Level 4

Same here.

Monday 7:08PM March 22nd, 2021.

Forced and update fetch and 'No updates found'.

agh...

Skydeck

Level 2

I still don't have the update; what's going on

macuser_22

Alumni - Champ

Online has the update, desktop will be 3/25 - probably late afternoon.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

javieracosta12

Level 2

This is the message i'm getting that is different than when I started filing last month:

You qualify for new tax benefits

You get additional tax relief as part of the American Rescue Plan because you told us you received unemployment.

Here are your options:

Wait to file while we work to include these federal and state benefits on your return. We’ll save your return and notify you by email once everything’s ready.
Or file now and wait for an update from the IRS on how to claim your additional benefits.

When I click on "I will file later" i get this message:

OK, we’ll let you know when it’s time to file

We’ll send you an email when it’s time to come back and file. Everything should be ready by early April at the latest.

ChessPlayer

Level 3

TT is alienating a significant number of users for simply a failure to communicate - sounds like a line from an old movie!

All they need to do is provide an ETA. We'll see if an update comes on 3/25 - one week since the last update on 3/18.

NeuroPsyche

Level 4

Yes, agreed. But, they need to keep their promises on an ETA.

They announced that they were going to release the updates on Thursday, March 18th, then they said Friday, and then I believe they said over the weekend. None of their ETAs were kept. It's really sad that a company like Intuit doesn't have the manpower or foundation to test and then push out to production quicker.

I'm a network / systems engineer and where I work we can write code, test, and push out to production almost on the fly.