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kjk34
Level 1

No change to what I owe after unemployment withholding change

Has turbotax updated for the new reduction in tax withholding from the covid relief bill? I haven't filed yet because I expect what I owe to decrease but it keeps staying the same regardless of my updating the software. 

Any help is appreciated.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

No change to what I owe after unemployment withholding change

@nancvargas  TurboTax has not given a date when the software will be updated for the unemployment exclusion. The American Rescue Plan Act was only signed a little over a week ago.

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3 Replies
rjs
Level 15
Level 15

No change to what I owe after unemployment withholding change

The change has nothing to do with withholding. It's a change in the amount of unemployment benefits that is included in your taxable income. TurboTax has not yet been updated for this change.

 

nancvargas
Returning Member

No change to what I owe after unemployment withholding change

When will Turbop Tax update soon? how long?

 

rjs
Level 15
Level 15

No change to what I owe after unemployment withholding change

@nancvargas  TurboTax has not given a date when the software will be updated for the unemployment exclusion. The American Rescue Plan Act was only signed a little over a week ago.

View solution in original post

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