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Level 1
posted Mar 12, 2021 12:12:11 PM

When will TurboTax amend its program for the first $10,200 in non-taxable unemployment compensation in 2020 as provided in the latest Covid Relief bill?

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1 Replies
Expert Alumni
Mar 12, 2021 12:22:17 PM

The new ARP bill has exempted from taxation up to $10,200 of unemployment benefits received in 2020 for households with an annual income under $150,000..

 

However, this bill has just been signed on March 11. Please be patient. The IRS will provide guidance within two to three weeks on what taxpayers need to do. And TurboTax will always timely assist their customers.