Get your taxes done using TurboTax

You are correct, the American rescue plan excludes taxes for the first $10,200.00 of unemployment benefits, and TurboTax has been updated to reflect that.

 

Here is a TurboTax article about the American Rescue Plan.

 

The IRS is reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021.  If anything else that affects you does not seem to be working just yet in the software, the IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits nontaxable.

 

 TurboTax is developing the software required to process all of the new conditions.

@Oii