topic Why isn't the tax break for unemployment working yet? We shouldn't be taxed on under $10k. in Retirement tax questions

Why isn't the tax break for unemployment working yet? We shouldn't be taxed on under $10k.

wvequestrian-gma — Mon, 15 Mar 2021 19:32:51 GMT

Re: Why isn't the tax break for unemployment working yet? We shouldn't be taxed on under $10k.

xmasbaby0 — Mon, 15 Mar 2021 19:35:00 GMT

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.

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

Please read this very recent news from the IRS:

https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

Re: Why isn't the tax break for unemployment working yet? We shouldn't be taxed on under $10k.

Opus 17 — Mon, 15 Mar 2021 19:36:55 GMT

Please be patient. It will likely take a couple of weeks for the changes to be programmed, tested, and verified by the IRS before Turbotax is allowed to release them. You can sign up here for email notification when the program is ready.

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-claim-the-new-unemployment-benefits-in-turbotax/00/2081055