March 26, 8:52am I downloaded and installed the latest TT update and it automatically recalculated my Fed and State taxes. Fed refund nearly doubled! I already e-filed my Fed tax return and received a refund before the new stimulus law was passed; guess I'll have to wait for the IRS to issue me another refund for the difference.
My Michigan return changed from owe $35 to $355 refund! I have not yet filed my Michigan return which I'll do by mail. This is interesting because Michigan taxes the full amount of UI benefits, however; since the Michigan return starts with the Federal AGI (which is now $10,200 lower) my total Michigan tax base is $10,200 lower. This could have also moved me to a lower tax bracket; I'll have to check that.
BTW, I have the CD version of TT Home & Business software.
TurboTax - There is an error on the first page (the summary page) that prints out. Although the Fed 1040 forms are corrected for the $10,200 UI tax waiver, the "amount to be refunded" on the summary page still shows the original (uncorrected) amount. Turbotax will need to fix this in a future software update.
