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Has turbotax updated its system to account for the covid relief bill's tax credit for unemployment? I'm not seeing an option to check for this.

 
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2 Replies

Has turbotax updated its system to account for the covid relief bill's tax credit for unemployment? I'm not seeing an option to check for this.

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...

 

 

 

You are among millions who have now been affected by a mid-tax season change in the tax law.  Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

It can take weeks to several months or more for the changes to be made to tax software.   First the IRS has to change its forms.   The tax software has to be changed; the IRS has to test and approve of the software.   Do not expect changes in the software to happen quickly.   TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
ksgilkey1
Returning Member

Has turbotax updated its system to account for the covid relief bill's tax credit for unemployment? I'm not seeing an option to check for this.

Any updated timeline for the Turbo Tax system updates?  Weekly news - even if "still working on it" - would be helpful

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