Re: When will the $10,200 of unemployment tax exemption go into effect?

Fiscal · ‎March 18, 2021

Hello JohnB5677,

The IRS already issued directions and provided a worksheet:

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

The question is: when TurboTax is going to release the software update? Can you answer that question?

fbmcardl2 · ‎March 18, 2021

@Hal_AlTrue, but note that IRS says the delay does not apply to estimated taxes due on April 15, 2021. "This relief does not apply to estimated tax payments that are due on April 15, 2021." https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-a...

rita_mullane123 · ‎March 18, 2021

any idea when this will be in tax program the 10000.00 non taxable on unemployment

Hal_Al · ‎March 18, 2021

The target is: it is to be completed tomorrow night

DoninGA · ‎March 18, 2021

@rita_mullane123 wrote:

any idea when this will be in tax program the 10000.00 non taxable on unemployment

The software is scheduled to be updated on 03/19 to include the unemployment compensation exclusion.

JoeJoe52 · ‎March 18, 2021

Thanks. This is exactly the info I was looking for.

I just opened the program a few minutes ago and you immediately get a notification to update if there is one. There was one this morning.

The problem is that they don't tell you what these updates are. Perhaps I'm looking in the wrong place?

spdev25 · ‎March 18, 2021

This Q&A said it was updated 3 minutes ago and when I went in to find my answer, it has not been updated. It still has they are waiting to see if it is passed. Please don't treat your customers like this? We are looking for real answers, not an answer to file your taxes with incorrect information on them!

DoninGA · ‎March 18, 2021

@spdev25 wrote:

This Q&A said it was updated 3 minutes ago and when I went in to find my answer, it has not been updated. It still has they are waiting to see if it is passed. Please don't treat your customers like this? We are looking for real answers, not an answer to file your taxes with incorrect information on them!

The software will be updated on 03/19 to include the unemployment compensation exclusion for the online editions.

There was a software update today, 03/18, for the desktop editions to include the exclusion.

fiumegolf · ‎March 18, 2021

the bill was signed. when will the software be updated

DoninGA · ‎March 18, 2021

@fiumegolf wrote:

the bill was signed. when will the software be updated

For the online editions, the software is schedule to be updated on 03/19

txmet · ‎March 18, 2021

i have the desktop version, there was an update today but the unemployment exclusion was not there

DoninGA · ‎March 18, 2021

Deleted

txmet · ‎March 18, 2021

it can be manually updated previously, i had done that to try it out a few days ago. but not through step by step guide, on line 8 you need to type it the way the irs published turbotax isnt doing it that way yet

DoninGA · ‎March 18, 2021

@txmet wrote:

it can be manually updated previously, i had done that to try it out a few days ago. but not through step by step guide, on line 8 you need to type it the way the irs published turbotax isnt doing it that way yet

Deleted

txmet · ‎March 18, 2021

I just checked my line 8 it is not on there

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When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

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When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

When will the $10,200 of unemployment tax exemption go into effect?

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