topic When is turbo updating the new stimlius benifit on taxes for unemployment i dont wont to have to do an amended return in After you file

When is turbo updating the new stimlius benifit on taxes for unemployment i dont wont to have to do an amended return

barbaradistephan — Sat, 13 Mar 2021 18:06:53 GMT

Re: When is turbo updating the new stimlius benifit on taxes for unemployment i dont wont to have to do an amended return

ee-ea — Sun, 14 Mar 2021 06:44:06 GMT

This is from the IRS https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

Re: When is turbo updating the new stimlius benifit on taxes for unemployment i dont wont to have...

JotikaT2 — Sun, 14 Mar 2021 14:44:37 GMT

It is still being determined at this point by the IRS. According to the newly passed legislation, the first $10,200 on unemployment earned in 2020 would be considered nontaxable if your household income is less than $150,000.

IRS Statement on American Rescue Plan

Once the IRS issues some guidance, TurboTax will be able to update their software accordingly.

How will the 3rd stimulus affect me

@barbaradistephan