Deductions & credits

The Online TurboTax has been updated to reflect the federal tax forgiveness for the first $10,200 of unemployment.  The desktop software update is in progress and will be ready soon. 

 

We have still not learned how the IRS will be handling the situation where a person filed their taxes and paid federal tax on their first $10,200 in unemployment, but now do not owe that amount.  They have advised not to amend. 

 

Here is information about the tax changes with a link to be notified when the information is available.