topic When are you going to update tax exempt of initial $10200 of unemployment benefit in your system? in Get your taxes done using TurboTax

When are you going to update tax exempt of initial $10200 of unemployment benefit in your system?

joshualee117 — Fri, 12 Mar 2021 08:54:25 GMT

Re: When are you going to update tax exempt of initial $10200 of unemployment benefit in your system?

xmasbaby0 — Fri, 12 Mar 2021 14:09:17 GMT

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

You are among millions who have now been affected by a mid-tax season change in the tax law. Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

It can take weeks to several months or more for the changes to be made to tax software. First the IRS has to change its forms. The tax software has to be changed; the IRS has to test and approve of the software. Do not expect changes in the software to happen quickly. TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.

Re: When are you going to update tax exempt of initial $10200 of unemployment benefit in your system?

skellie1 — Thu, 25 Mar 2021 16:46:44 GMT

Well this is crap! Turbo Tax get your act together and get your program updated!! You haven't even changed your filing date yet to May 17. (Your program still says April 15) I didn't pay for an outdated program! Ohio is also now included in the states approved for the May 17 due date!

Re: When are you going to update tax exempt of initial $10200 of unemployment benefit in your sys...

Irene2805 — Thu, 25 Mar 2021 20:13:59 GMT

We are working on incorporating the changes to TurboTax CD/DOWNLOAD as quickly as we can. You can sign up here to receive an email notification when it has been completed.

You can also see this TurboTax article for the latest information: How will the third stimulus impact me?

@skellie1