topic Is your Turbotx Premier 2020 version updated with the latest tax breaks from the Biden's $1.9 trillion American Rescue Plan? Thank you in Get your taxes done using TurboTax

Is your Turbotx Premier 2020 version updated with the latest tax breaks from the Biden's $1.9 trillion American Rescue Plan? Thank you

trandinhdung-aol — Sat, 13 Mar 2021 19:06:06 GMT

Re: Is your Turbotx Premier 2020 version updated with the latest tax breaks from the Biden's $1.9 trillion American Rescue Plan? Thank you

xmasbaby0 — Sat, 13 Mar 2021 20:28:37 GMT

No not yet---the President only signed that bill a couple of days ago. The complex process of changing tax software takes longer than a day or two.

Most of the changes affect your 2021 return which you file next year. The one everyone is anxious about now is unemployment, which does affect your 2020 return.

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.

If you have not e-filed yet—-wait. And if you already e-filed and want to amend for this—WAIT.

Re: Is your Turbotx Premier 2020 version updated with the latest tax breaks from the Biden's $1.9 trillion American Rescue Plan? Thank you

Doelmt — Sat, 20 Mar 2021 17:10:40 GMT

when is update expected ?

Re: Is your Turbotx Premier 2020 version updated with the latest tax breaks from the Biden's $1.9 trillion American Rescue Plan? Thank you

VolvoGirl — Sat, 20 Mar 2021 17:13:59 GMT

Yesterday 3/19 they updated the Online version for the unemployment 10,200 exclusion. Desktop hasn't been updated yet.