American Rescue Plan

[CC1314]

Why is my TurboTax 2020 is not up to date with the recently enacted American Rescue Plan? Do I have to do anything to keep it updated?

[ColeenD3]

What specific part? The unemployment is able to be excluded.

The program has been updated to automatically apply the adjustment for unemployment as long as you have entered it in the appropriate section as outlined below. 

You will enter the unemployment information in the federal interview section.

1. Select Income & Expenses
2. Scroll down to All Income and select Unemployment
3. Select Unemployment and paid family leave
4. You will be able to enter your information from your Form 1099-G

The adjustment will be reflected on Schedule 1, Line 8G.