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Level 2
March 13, 2021
Question

How is it possible Turbo Tax isn't prepared to help file with the new unemployment exemption of 10200? This is a joke!

  • March 13, 2021
  • 2 replies
  • 5 views
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2 replies

Level 15
March 13, 2021

The law was only signed yesterday.   Even the IRS does not know how it will be handled yet.  

 

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.

It can take weeks to several months or more for the changes to be made to tax software.   First the IRS has to change its forms.   The tax software has to be changed; the IRS has to test and approve of the software.   Do not expect changes in the software to happen quickly.   TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15
March 13, 2021
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 14, 2021

Gee, if they could only hire you they wouldn't have to be worried about silly little things like following the LAW and having proper approval before they punched a few keys and updated their already insanely complicated software!?!?! 

 

The process is explained to you nicely above, and as stated no one charges you for an amendment. The IRS has also urged taxpayers to NOT file an amendment for this while they determine if there could be a better solution.  

 

So slow your roll, check your attitude, and chill the !@#$! out.  YOU, my dear, are the joke here if this is how you expect things to work in the real, grown-up world.