topic The federal government is waiving taxes for 2020 unemployment as of March 2021. Do I need to amend my taxes for the changes? in After you file

The federal government is waiving taxes for 2020 unemployment as of March 2021. Do I need to amend my taxes for the changes?

ars715 — Mon, 08 Mar 2021 16:13:18 GMT

Re: The federal government is waiving taxes for 2020 unemployment as of March 2021. Do I need to amend my taxes for the changes?

xmasbaby0 — Mon, 08 Mar 2021 16:17:13 GMT

That tax law has not yet been signed into law by the President. When that happens then the IRS will need to change the tax forms, the programmers have to change the software, and then the IRS has to approve of their software. That will take time---we do not know yet when all of those changes will be accomplished. As soon as more is known, TurboTax will provide information. The software changes will take weeks or even several months.

Re: The federal government is waiving taxes for 2020 unemployment as of March 2021. Do I need to amend my taxes for the changes?

ashnickymatth — Sun, 14 Mar 2021 13:45:11 GMT

I would like to be notified when I will be able to file with these changes ready to go please...basically I am waiting

Re: The federal government is waiving taxes for 2020 unemployment as of March 2021. Do I need to amend my taxes for the changes?

xmasbaby0 — Sun, 14 Mar 2021 14:23:13 GMT

@ashnickymatth

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.