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

niffirg · ‎March 6, 2021

xmasbaby0 · ‎March 6, 2021

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.

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