topic American Rescue Plan Unemployment Deduction in Get your taxes done using TurboTax

American Rescue Plan Unemployment Deduction

markb2014 — Tue, 23 Mar 2021 03:35:19 GMT

When will TurboTax Software be updated to reflect the Unemployment deduction in the American Rescue Plan? TaxAct and TaxSlayer have already updated their software. What is the holdup?

Re: American Rescue Plan Unemployment Deduction

DavidD66 — Tue, 23 Mar 2021 03:55:45 GMT

TurboTax Online was updated on March 19 to reflect the waiver of tax on the first $10,200 of unemployment benefits received in 2020, if your income is below $150,000.

Re: American Rescue Plan Unemployment Deduction

markb2014 — Tue, 23 Mar 2021 04:15:37 GMT

Thanks. But that doesn’t help me with the software I purchased on my computer. It still does not have an update.

Re: American Rescue Plan Unemployment Deduction

Irene2805 — Tue, 23 Mar 2021 12:30:26 GMT

We are working on incorporating the changes to TurboTax CD/Download as quickly as we can. You can sign up here to receive an email notification when it has been completed.