The value on Line 8 cannot be entered as an override. For now, wait for this update to be evidenced by watching the Refund Tracker to increase for the amount of unemployment income up to $10,200 that was currently taxed.
The IRS intends to work with tax software companies to add an additional worksheet. However, these are not yet implemented. They will be incorporated as soon as possible.
This answer is 5 days old. My software is up to date as of 3/18 but no change. When will the exclusion show up?
The updates have not been completed yet. You can sign up here to receive an email notification when the changes have been fully implemented into TurboTax. We are ensuring that the $10,200 of unemployment income gets excluded from taxable income using the IRS's accepted method. Although you can go in and manually exclude the income without waiting for the update, we recommend waiting for the update to prevent long delays in processing and possibly having to file an amended return later.
For state returns and unemployment income, please see How is my state taxing unemployment income? @DaRose46
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