@Risingphoenix68 wrote:
So the IRS posted the necessary tax forms and instructions to claim the exemption.
https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...
Based on the IRS instructions above and your reply, a person who wants to take advantage of the tax exemption would be better off filing a paper tax return. If I understand you correctly, it would be quicker to not use TurboTax because it may take several months for the software to get approved by the IRS.
The software will be updated. You just need to wait for a bit.
See this TurboTax support FAQ for information for the unemployment compensation exclusion - https://ttlc.intuit.com/community/tax-topics/help/how-do-i-claim-the-new-unemployment-benefits-in-tu...
Also see this IRS statement - https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021
