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Level 2
posted Mar 6, 2021 11:25:53 AM

Does Turbotax have software ready for forgiveness of first $10,000 in Unemployment benefits in 2020?

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1 Replies
Level 15
Mar 6, 2021 11:29:18 AM

No.   That tax law change is now back in the House of Representatives and then has to be signed into law by the President.   THEN---the IRS has to make changes to the forms, all the software has to be changed and then the changes have to be approved by the IRS----it will take a lot more than a few mouse clicks to accomplish all of that.   There is no timeline for any of that yet.