No change to what I owe after unemployment withholding change
Has turbotax updated for the new reduction in tax withholding from the covid relief bill? I haven't filed yet because I expect what I owe to decrease but it keeps staying the same regardless of my updating the software.
The change has nothing to do with withholding. It's a change in the amount of unemployment benefits that is included in your taxable income. TurboTax has not yet been updated for this change.
@nancvargas TurboTax has not given a date when the software will be updated for the unemployment exclusion. The American Rescue Plan Act was only signed a little over a week ago.
