https://ttlc.intuit.com/community/taxes/discussion/when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2070097#M745065 I have not filed my taxes yet, when will turbo tax recalculate my unemployment tax liability? Fri, 12 Mar 2021 22:19:45 GMT cometoby 2021-03-12T22:19:45Z https://ttlc.intuit.com/community/taxes/discussion/when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2070097#M745065 I have not filed my taxes yet, when will turbo tax recalculate my unemployment tax liability? Fri, 12 Mar 2021 22:19:45 GMT https://ttlc.intuit.com/community/taxes/discussion/when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2070097#M745065 cometoby 2021-03-12T22:19:45Z https://ttlc.intuit.com/community/taxes/discussion/re-when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2070396#M745170 <P>It's $10,200, but TT has to wait until the IRS issues procedures for handling this (as well as all the other provisions in the new tax law).</P> Fri, 12 Mar 2021 23:01:47 GMT https://ttlc.intuit.com/community/taxes/discussion/re-when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2070396#M745170 SweetieJean 2021-03-12T23:01:47Z https://ttlc.intuit.com/community/taxes/discussion/re-when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2075500#M746898 <P>Will $150,000 be a sharp cutoff or is there some kind of prorated formula as well?</P><P>In other words, if you make 150,001 you do not get that tax break?&nbsp;</P><P>I have found nothing on this on the Internet.</P> Sat, 13 Mar 2021 23:25:37 GMT https://ttlc.intuit.com/community/taxes/discussion/re-when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2075500#M746898 ctx192021 2021-03-13T23:25:37Z https://ttlc.intuit.com/community/taxes/discussion/re-when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2075535#M746908 <P>MAGI must be less then $150K.</P> <P>&nbsp;</P> <P><A href="https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation" target="_blank">https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation</A></P> Sat, 13 Mar 2021 23:30:31 GMT https://ttlc.intuit.com/community/taxes/discussion/re-when-will-the-new-10-000-unemployment-grace-from-federal-tax-get-instituted-in-turbo-tax/01/2075535#M746908 macuser_22 2021-03-13T23:30:31Z