topic Turbo Tax is not reflecting the $10,200 unemployment tax break from the stimulus package. What do I do? in Get your taxes done using TurboTax

Turbo Tax is not reflecting the $10,200 unemployment tax break from the stimulus package. What do I do?

channing2190 — Sat, 13 Mar 2021 15:18:17 GMT

Re: Turbo Tax is not reflecting the $10,200 unemployment tax break from the stimulus package. What do I do?

DoninGA — Sat, 13 Mar 2021 15:19:19 GMT

After the legislation has passed Congress and after the President has signed the legislation and after the IRS has written the rules, regulations and procedures. And after the IRS has changed any forms or schedules to accept the tax code changes. And after the IRS has approved the changes in the TurboTax program that apply to the tax code changes, then it will be available for the users of the tax preparation software.

This can take anywhere from several weeks to several months before it becomes available.

See this TurboTax support FAQ for information on the American Rescue Plan - https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

Re: Turbo Tax is not reflecting the $10,200 unemployment tax break from the stimulus package. What do I do?

Hal_Al — Sat, 13 Mar 2021 15:25:21 GMT

The IRS has posted how to instructions. TT hasn't said when they'll be ready.

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation