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mgarner67
New Member

When is the unemployment tax update going to be ready?

I have downloaded the update manually, and it is still not giving me the 10,200 income reduction.

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5 Replies
rjs
Level 15
Level 15

When is the unemployment tax update going to be ready?

TurboTax has not given a date for when the CD/Download software will be updated for the $10,200 unemployment exclusion.

 

When is the unemployment tax update going to be ready?

the software updated this morning 

When is the unemployment tax update going to be ready?

As said, the webturbotax is updated and looking great for me (I went from oweing $5K to getting a refund of $1K. They reduced our AGI from $170K to $140K (removing all our unemployment)

When is the unemployment tax update going to be ready?

that doesn't make sense.... the maximum reduction should have been $10,200 per person, so maximum $20,400, 

When is the unemployment tax update going to be ready?

2 things happenned for me....

 

My AGI went from 170k to 135K because it didnt include our unemployment of $35K.

 

And then because we were below $150K in AGI ($135K), we got the 10000 for me and the 8000 (thats all she got)  in unemployment... we got that tax free.

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