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HR block description says it takes a few seconds to import data from TT...
According to CNBC, a spokesperson for TurboTax said the update for desktop/CD users will happen on Friday:)
But will it include the new inclusion released yesterday for filers with an AGI over 150K WITH their UI?
Source link ?
We're in the scenario where the UI puts us over 150k, but without it we're under. The new guidance from 3/23 isn't even included in the online version yet, which I just verified by working the UCE sheet manually using the generated 1040 with TTO, so I wouldn't count on it being included in the desktop update tomorrow.
MA is about to approve exclusion from MA tax for first $10,200 of UI, BUT only if your AGI is below 200% of fed poverty level.
When will turbo tax be updated to show the exclusion$10,200? Im trying to work on my sons return but it appears the software is not update.. Please advise.
Effie Shimabuuro
TurboTax online already has the new filing exemptions for unemployment income. why is the Mac version not up to date as well?
When is turbotax going to make changes on the desktop version. I would like to file our return.
No update as of 5AM PT Thursday 03/25/2021.
I check a few times a day and no update so far for TT local version, CD/DVD, as of Thursday, March 25th, 2021.
Yikes.
A key provision allows workers who were unemployed last year or this year to exempt up to $10,200 in the jobless benefits they received from their state taxes, if their household income is below 200% of the federal poverty level.
200% of federal poverty level....
1 | $25,760 | $2,147 | $495 |
2 | $34,840 | $2,903 | $670 |
3 | $43,920 | $3,660 | $845 |
4 | $53,000 | $4,417 | $1,019 |
5 | $62,080 | $5,173 | $1,194 |
6 | $71,160 | $5,930 | $1,368 |
7 | $80,240 | $6,687 | $1,543 |
8 | $89,320 | $7,443 | $1,718 |
Each Add'l | $9,080 | $757 | $175 |
Does the household income include UI or not?
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