American Rescue Plan Unemployment Deduction

[markb2014]

When will TurboTax Software be updated to reflect the Unemployment deduction in the American Rescue Plan? TaxAct and TaxSlayer have already updated their software. What is the holdup?

[DavidD66]

TurboTax Online was updated on March 19 to reflect the waiver of tax on the first $10,200 of unemployment benefits received in 2020, if your income is below $150,000.

[markb2014]

Thanks. But that doesn’t help me with the software I purchased on my computer. It still does not have an update.

[Irene2805]

We are working on incorporating the changes to TurboTax CD/Download as quickly as we can.  You can sign up here to receive an email notification when it has been completed.