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Get your taxes done using TurboTax
@eugenebar wrote:
Beware: as of Monday morning - Online TT version has NOT been updated yet, and it does NOT exclude $10,200 from the Federal Income (even though personal income is below $150K) - confirmed by the customer support. Their current advise - "file Federal return as is with Tax due check enclosed and IRS should pay you back"; no ETA for bug fixing was provided. Anyone knows when Online version will be updated?
All the TurboTax platforms have been updated with the unemployment compensation exclusion as of 03/26.
The exclusion is on Schedule 1 Line 8 entered as a negative number. Your total UC is shown on Schedule 1 Line 7.
March 29, 2021
11:06 AM
2,713 Views