Cynthiad66
Expert Alumni

Deductions & credits

This is updated.  Also, keep in mind that the TurboTax has to update according to IRS guidelines for the systems to work cohesively.  We must wait for IRS to finalize procedures for TurboTax to be able to update our system.  However, this is updated and you should be able to use the software to exclude the Unemployment compensation.  You should delete the form 1099G and enter again.

 

Unemployment FAQs

How will unemployment benefits affect my taxes?

When will this update be reflected in TurboTax? When can I file my taxes?

If you haven't filed your 2020 tax return, yet, go ahead and do so. TurboTax will guide you through claiming these additional unemployment benefits.

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