TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

How do I adjust my taxes from the unemployment tax deferral of $10,200 through The American Rescue Plan Act 2021?

6 replies
26 views

No text available

TurboTax Premier Online

Alumni - Champ

Wait until the IRS issues procedures for this (as well as for all the other provisions of the new tax law).

A

Anonymous

When do you think these IRS procedures will appear? I'm slightly annoyed as I typically file early and rely on my refund to live.

Level 15

@3743519 wrote:

When do you think these IRS procedures will appear? I'm slightly annoyed as I typically file early and rely on my refund to live.

See this TurboTax support FAQ for information for the unemployment compensation exclusion - https://ttlc.intuit.com/community/tax-topics/help/how-do-i-claim-the-new-unemployment-benefits-in-tu...

Also see this IRS statement - https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021