@greymann wrote:
When will the online software be completely updated to 2021? I'm seeing a lot of conflicting posts. I would like to file but it doesn't seem to be giving me the 10.2k unemployment break or calculated child tax credits correctly.
The unemployment compensation exclusion was updated across all TurboTax platforms, online and desktop, on 03/26/2021.
The exclusion is reported on Schedule 1 Line 8 as a negative number. The unemployment compensation received is on Line 7 of Schedule 1. The result flows to Form 1040 Line 8.
Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
The increased Child Tax Credit is effective in 2021 when you file your tax return next year, not on the 2020 tax return.
