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Get your taxes done using TurboTax
By chance I caught the announcement of the exclusion just as I was going to send in my taxes. Turbotax as of today, March 17, does not include the 10,200 exclusion of unemployment benefits. With it, I don't owe taxes on social security and from that, no income taxes at all. Since my 1400 check will depend on the submission, and the difference between the tax filings are about 900 in taxes versus zero, a total credit of 2300; tax savings plus the 1400 check. I am rather motivated to send in the paper forms. I will wait a few days to see if the software is fixed, but it is a simple tweak to apply the exclusion. The paper forms are done.
March 17, 2021
2:24 PM