topic Don't want to file now..When will my tax break be included? in Get your taxes done using TurboTax

Don't want to file now..When will my tax break be included?

rturnerj1971 — Tue, 16 Mar 2021 05:24:16 GMT

I qualify for the unemployment tax break

Re: Don't want to file now..When will my tax break be included?

Mike9241 — Tue, 16 Mar 2021 05:32:31 GMT

you are smart not filing now. the Turbotax app needs updating to handle the excludable portion. can't give you a date when this will be ready. it's likely you'll need to report the gross and then on another line of the return report the excludable portion.

Re: Don't want to file now..When will my tax break be included?

xmasbaby0 — Tue, 16 Mar 2021 10:18:04 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.

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

Please read this very recent news from the IRS:

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