topic unemployment tax exemption update in Deductions & credits

unemployment tax exemption update

preston77 — Wed, 24 Mar 2021 02:22:36 GMT

Keep updating Turbotax software and still wants to tax unemployment under $10200 anybody else having this problem? thought software was to be updated Friday?

Re: unemployment tax exemption update

macuser_22 — Wed, 24 Mar 2021 02:25:14 GMT

Online versions are updated now. Desktop with the scheduled 3/25 update.

Re: unemployment tax exemption update

preston77 — Wed, 24 Mar 2021 02:28:04 GMT

thanks will run update again on 3/25

Re: unemployment tax exemption update

macuser_22 — Wed, 24 Mar 2021 02:34:27 GMT

Updates are usually released late afternoon Pacific time.

Re: unemployment tax exemption update

chrisacode — Fri, 26 Mar 2021 07:26:21 GMT

Update just landed for me at 1:07am CDT for Mac desktop Home & Business, updated to v2020.r23.046. Now incorporating the $10,200 unemployment exemption on Schedule 1, Form 1040. Enjoy!

Re: unemployment tax exemption update

TS6 — Fri, 26 Mar 2021 07:31:25 GMT

Mine still has not updated...:( Any advice?

Re: unemployment tax exemption update

jtolpin1 — Fri, 26 Mar 2021 08:18:17 GMT

4 AM EST on Friday 3/26 and online version has updated the unemployment tax threshold of $150K.

This was from the iRS 2nd change request they made.