The new Covid relief package makes the first $10,200 of unemployment not taxable. When will TurboTax update how it processes unemployment to reflect that?

I attempted to file a few days ago but it still counted it all as taxable, when will I be all set to file?

posted

Connect with an expert

2 Replies

The new Covid relief package makes the first $10,200 of unemployment not taxable. When will TurboTax update how it processes unemployment to reflect that?

This is from the IRS https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

The new Covid relief package makes the first $10,200 of unemployment not taxable. When will TurboTax update how it processes unemployment to reflect that?

if you don't want to have to amend your tax return,

you will wait until the dust settles and you see that your refund has gone up when you examine your return.

Still have questions?