When will the software be updated to allow for the change in unemployment, i.e. $10,200 exemption?

[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.  

[johnvitojr]

Thank you HelenC12 ... maybe they are still working on it as there is still no update for it ...

[ToddL99]

As soon as the IRS (and states) issues instructions on how to report newly-exempt 2020 unemployment payments, TurboTax will make the necessary updates to its programs.

For customers who have already filed, go to: How do I get the new unemployment benefits if I’ve already filed my taxes? to sign-up for updates

For customers who have not yet filed, go to: How do I claim the new unemployment benefits in TurboTax?  to sign-up for updates.

[johnvitojr]

I was told it was supposed to happen on March 19th ...  that did not occur ...

[DoninGA]

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@johnvitojr wrote:

I was told it was supposed to happen on March 19th ...  that did not occur ...

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The update for the UC exclusion was made available for the TurboTax online editions.  It is not currently available for the TurboTax desktop CD/Download editions.

[ThatGirlfromDE]

So when will the update for UC be available for the TurboTax desktop CD/Download editions?

[DoninGA]

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@ThatGirlfromDE wrote:

So when will the update for UC be available for the TurboTax desktop CD/Download editions?

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There is a software update scheduled for 03/25.  Wait for the update to see if the UCE is included.