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Level 2
March 26, 2021
Question

2020 Oregon Return unemployment benefit

  • March 26, 2021
  • 1 reply
  • 0 views

The American Rescue Plan Act of 2021 (ARPA), signed into law Thursday (March 9th), exempts up to $10,200 of unemployment benefits received in 2020 per individual from taxes for households with less than $150,000 in adjusted gross income.  Is there any estimated as to when this going to be corrected in Turbo Tax (2020)?

    1 reply

    Level 2
    March 26, 2021

    Turbo Tax (Deluxe) 2020 has been updated with this issue corrected (3/26/2021)

    Level 15
    March 30, 2021

    Both TurboTax Online and TurboTax CD/Download have been updated to accommodate the new unemployment exclusion provision for the 2020 tax return. 

     

    Enter your unemployment as usual and TurboTax will do the rest.  

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