So what should somebody in my situation do:
I have about $16,200 in unemployment compensation in 2020. $10,200 of this amount is supposed to be exempt from taxes.
So technically, I'm only supposed to be taxed on $6,000 of unemployment compensation! ($16,200 - $10,200)
So now Turbo Tax is saying it might take weeks or months to update its program, what do I do? I don't have months to wait...taxes are due in 4.5 weeks! (I just spent $74.27 for Turbo Tax Premier).
I just called the IRS and the agent I spoke with suggested that I do my taxes on their IRS.GOV website.....UGH....I've already spent 3 hours inputting all my information on Turbo Tax.
