@SDA927 wrote:
I checked the Relief Bill that was approved and the exemption for Unemployment Insurance has been included. When will Turbo Tax update the software so I can file my taxes?
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.
If you are using the TurboTax online editions -
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.
If you are using the TurboTax desktop CD/Download editions -
Update your software.
Using a Windows based PC - Click on Online and Check for Updates
The current version is 020.000.1694. Click on Help>About TurboTax>Version
