topic Arkansas 2020 unemployment taxes in State tax filing

Arkansas 2020 unemployment taxes

Btmtgriffith — Wed, 03 Mar 2021 20:53:04 GMT

When will Turbo Tax be updated to comply with Arkansas Act 154 passed and signed 3/1/2021 2:06:50 PM.

Basically Arkansas unemployment payments are state tax exempt.

https://www.arkleg.state.ar.us/Bills/Detail?id=sb236&ddBienniumSession=2021%2F2021R&Search=

Re: Arkansas 2020 unemployment taxes

SDun12 — Wed, 03 Mar 2021 21:19:42 GMT

Basically, it's been two days. Arkansas hasn't even published updated forms, guidelines, instructions, or anything else. It'll be a while.

File an extension and come back in a month. Odds are that Arkansas will extend the filing deadline for everyone to accommodate this. Before TurboTax or anyone else can do anything with the software, the state is going to have to update forms and procedures.

Re: Arkansas 2020 unemployment taxes

2Lt-1971 — Thu, 11 Mar 2021 02:53:30 GMT

when will Turbo tax be updated to exempt Arkansas 2020 unemployment taxes

Re: Arkansas 2020 unemployment taxes

TiffanyL — Fri, 12 Mar 2021 19:11:35 GMT

TurboTax cannot do anything until the state implements procedures for this, and then approves TurboTax's programming of those procedures.