The online version of TurboTax has been updated for the unemployment exemption.
There is an update scheduled on March 26 that should contain the change in the desktop version.
Each version has to be updated separately.
IRS first has to take each change in the American Pension Act and update their tax code, then their processing systems, and then send the software developers the information on how to change it in their systems.
If by chance, you have already filed your initial return without the change, IRS has posted a message today:
IRS has posted changes for those who have already filed their returns without the unemployment subtraction which is as follows:
If you have already filed your 2020 Form 1040 or 1040-SR, there is no need to file an amended return (Form 1040-X) to figure the amount of unemployment compensation to exclude. The IRS will refigure your taxes using the excluded unemployment compensation amount and adjust your account accordingly. The IRS will send any refund amount directly to you.
For additional information, refer to the following link:
IRS - regarding unemployment changes for early filers
