Massachusett Unemployment Compensation Deduction.

Forum|Forum|5 years ago
April 6, 2021
2 replies
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Why doesn't Turbo Tax take a $10,200 deduction for Unemployment Compensation on a Massachusetts State tax return for a couple (family size 2) with an AGI of $21,695? Shouldn't there be a deduction on Mass Schedule Y, Line 9 for $10,200?

TurboTax Home & Biz Windows

Best answer by ThomasM125

Yes, there should be a deduction. The TurboTax program has not been updated yet to reflect the deduction for unemployment income yet, as the legislation was just passed recently.

If you file your tax return before the adjustment is installed, the state will adjust your return to reflect the change, but it would be best to wait until TurboTax has been updated to make sure you return is processed properly.

ThomasM125Answer

Level 15

Yes, there should be a deduction. The TurboTax program has not been updated yet to reflect the deduction for unemployment income yet, as the legislation was just passed recently.

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shawnhuang20

Level 2

I had same issue, when Turbotax will have this update ? any timetable ?

OliverRomeo

Level 2

Massachusetts had an update today, I was so excited, but... it didnt fix the PPP issue nor the unemployment issue. Very frustrating.

brenruth

Level 2

You know it should be updated. WHEN will it be updated?

DawnC

Level 15

We do not have a date. TurboTax calculations have not been updated for Massachusetts. If you haven’t filed your return, you can either:

Wait for TurboTax to be updated along with your state, or
File your return now and potentially amend later if they do not follow the federal guidelines. @brenruth

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