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Unemployment exemption
I'd read that Turbo Tax had updated to reflect the change in the American Rescue Act exempting the first $10,200 in unemployment compensation. I am currently waiting to file until that change is made in the software. Just reopened my return today and installed all updates but the amount of my return did not change even after revisiting those sections of the tax return. Anyone got an idea on this? Has Intuit not updated the software yet (I have Home and Business) or are there situations where that exemption would not apply or do I need to do something in particular within the app in order to get it to recalculate?
‎April 2, 2021
12:57 PM