Since ARP 2021 has passed on March 11, $10,200 of unemployment income is tax-free for income less than $150,000. Has turbotax deluxe been already updated to account that?

maksud19 — Sun, 14 Mar 2021 21:35:45 GMT

Re: Since ARP 2021 has passed on March 11, $10,200 of unemployment income is tax-free for income less than $150,000. Has turbotax deluxe been already updated to account that?

DoninGA — Mon, 15 Mar 2021 12:28:51 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.

See this TurboTax support FAQ for information for the unemployment compensation exclusion - https://ttlc.intuit.com/community/tax-topics/help/how-do-i-claim-the-new-unemployment-benefits-in-turbotax/00/2081055

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

topic Since ARP 2021 has passed on March 11, $10,200 of unemployment income is tax-free for income less than $150,000. Has turbotax deluxe been already updated to account that? in Get your taxes done using TurboTax

Since ARP 2021 has passed on March 11, $10,200 of unemployment income is tax-free for income less than $150,000. Has turbotax deluxe been already updated to account that?

Re: Since ARP 2021 has passed on March 11, $10,200 of unemployment income is tax-free for income less than $150,000. Has turbotax deluxe been already updated to account that?