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.
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@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.
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.
When will Turbop Tax update soon? how long?
@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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