Be aware that although the software has been updated for the unemployment compensation exclusion of $10,200, there is another CD software glitch (this glitch may also impact the online software) if you have Social Security benefits. On the SS benefits worksheet, Line 3 is an amount from numerous lines of the 1040, one of which is Schedule 1, Line 9. Schedule 1 reflects the unemployment comp and the exclusion (Line 8). The amount TT is picking up from Schedule 1, Line 9 does not reflect the exclusion of $10,200. As a result, a greater portion of the SS benefits are being included in gross income. I called TT and provided this information and they said that assuming I am correct, they will update the software next Friday. If you do not want to wait, override the amount on Line 3 of the SS benefits worksheet to agree with Schedule 1, Line 9. It is also possible that other tax return computations could be impacted.
