JamesG1
Expert Alumni

Get your taxes done using TurboTax

@Laffusrcu

TurboTax does not yet support the $10,200 reduction of taxable unemployment insurance on your 2020 Federal 1040 tax return.

 

After the IRS provides guidance, TurboTax will be updated to reflect these new tax laws relating to unemployment.

 

Then, each of the states will have to determine how or whether they will conform to the new changes and software  will have to be coded to reflect the decisions of the states. 

 

This TurboTax Help allows you to sign up for updates from TurboTax about this feature of the tax code.

 

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