New Exclusion of up to $10,200 of Unemployment Compensation

[txmet]

HSt

we are at the bottom of the food chain to TT.  Hopefully H&R will be better when i swtich to them next year

[Anonymous]

What about MAC OS?

[Anonymous]

I don’t think they care. Shameless during this pandemic refunds for those unemployed are delayers 

[macuser_22]

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@Anonymous wrote:

What about MAC OS?

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The Mac update will be released ar the same time as Windows is - probably 3/26 with the scheduled update.

There is no "manual update" that has the changes.    The Windows manual update has the 3/11 changes in it, as did the 3/11 update for Mac.   (ALL Mac updates are manual updates - the Mac OS cannot do incremental updates like Window does.  Ever Mac update is totally new install.)

But good grief folks. The law was just passed on 3/11 and the IRS did not issue rules until 3/16.   Updates that must be compiled for 4 Windows versions and 4 Mac versions and tested takes a bit of time.    2-3 weeks is not unreasonable.

[AC71]

How about Mac Users?

[AC71]

@LindseyLO LindseyLO

How about mac users?

[Anonymous]

“But good grief folks” ......really people are suffering.......TurboTax can make the change it only takes money to pay staff to do it.

Hashtag butgoidgrieffolks!!!!!

[Anonymous]

But good grief folks

[Erilflynn]

So it looks like the change was made.  The cover page of her TT showed the old amount as did when I downloaded her return.  But when I drilled down to VIEW her actual return and worksheets there was the exclusion and updated amount.  Thanks for all your help.

[macuser_22]

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@AC71 wrote:

@LindseyLO LindseyLO

How about mac users?

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Mac will be updated at the same time.

[kategordon]

Im pretty certain that my Turbo tax just bumped my income up by 10,200.00 then did not tax me on the whole amount....I know I saw that somewhere on the filing....but whatever...don't have time to fight with them. I certainly did not see the 1099 UI fall back  by10,200 bucks . I was also pretty unhappy that I have to pay taxes on money that has to be sent back...the over payment of UI.

This year has been difficult for everyone.

[macuser_22]

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@kategordon wrote:

Im pretty certain that my Turbo tax just bumped my income up by 10,200.00 then did not tax me on the whole amount....I know I saw that somewhere on the filing....but whatever...don't have time to fight with them. I certainly did not see the 1099 UI fall back  by10,200 bucks . I was also pretty unhappy that I have to pay taxes on money that has to be sent back...the over payment of UI.

This year has been difficult for everyone.

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You can view it by previewing the 1040 and scrolling down to schedule 1.

[UNINTENDEDACTOR]

ok yes this is howthe adjustment shows schedule 1 line 8...according to IRS

[Zeroxgi]

Hey so I filed last night and I got a prompt that said “miscellaneous income” which said negative 10,200 so I’m assuming it was updated. My question is the box next to that is blank says “New York state federal income” is that asking how much of the negative 10,200 in unemployment was earned while I was living in New York? I also moved states, left New York and moved to CT in September of last year so that’s why it’s asking. 

[UNINTENDEDACTOR]

so you realized the software was not updated..... idk if its updated by now