PattiF
Expert Alumni

Retirement tax questions

It is still being updated on the software.

 

Here is  information if you have not filed your taxes:

 

If you have not yet filed your taxes:

 

As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments are now tax-free for households with annual incomes less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020.  Once the IRS provides additional guidance, TurboTax will be updated to reflect these new tax laws relating to unemployment. 

 

If you haven’t filed your 2020 taxes yet and would like to receive progress status updates, please sign up here

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