topic Should I wait to file taxes given the recently passed COVID relief bill? Want to make sure I don't accidentally pay for something that should be waived (fed withholding) in Get your taxes done using TurboTax

Should I wait to file taxes given the recently passed COVID relief bill? Want to make sure I don't accidentally pay for something that should be waived (fed withholding)

palindromegrace — Sun, 14 Mar 2021 20:53:55 GMT

I saw an annotation once about the new bill but am not sure if TurboTax simply is updating to include that measure or not. Bill permits that federal withholding up to $10,200 is waived

Re: Should I wait to file taxes given the recently passed COVID relief bill? Want to make sure I don't accidentally pay for something that should be waived (fed withholding)

xmasbaby0 — Sun, 14 Mar 2021 21:06:06 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.

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

Please read this very recent news from the IRS:

https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

Re: Should I wait to file taxes given the recently passed COVID relief bill? Want to make sure I don't accidentally pay for something that should be waived (fed withholding)

palindromegrace — Mon, 15 Mar 2021 01:45:03 GMT

Thank you! I will wait as I seem to have been advised all around

Perhaps a relevant and helpful info from the IRS directly:

https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021