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

[chapinreyes]

This new exclusion was enacted on 3/11/2021.  Do we know when the update will be available in Turbo Tax?

[belowjobs]

Was supposed to be yesterday evening, but TT is not updated yet.

[HelenC12]

We expect TurboTax to be updated sometime today, Friday, March 19, 2021, to include the new federal tax relief calculations to exclude $10,200 of unemployment compensation. Sometimes the software change happens at midnight so don't worry if you don't see it right away.

• If you haven’t filed your 2020 taxes yet and would like to receive progress status updates, please sign up here. 

As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments are now tax-free for households with annual incomes less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020.  

[chapinreyes]

Thank you for the update.  The update was added to the online version of TurboTax, correct?  Do you know when the update will be available for the CD/Download versions?

[NCperson]

normally, the desktop gets updated on Wednesday nights into Thursday morning each week

[chapinreyes]

Thank you for your response, but I am unclear and trying to clarify.  Updates you say are generally available Wednesday-Thursday nights, correct?  But I am specifically inquiring is the exclusion of up to $10,200 of unemployment compensation.  This update it is my understanding was made available to the online version, but I would like to know when this specific update will be made available for the CD/Download version?

[NCperson]

since we are all users and not employees , not sure anyone would know specifically. 

But if the online version was already updated, I can't imagine the desktop version would be far behind.... and since it's updated weekly, I'd sit tight until Thursday morning.