Under the American Rescue Act, the first $10200 will be exempted from taxation. I downloaded TurboTax Premier desktop version, but I have not filed my tax yet. I noticed that when I entered my unemployment amount, the first $10200 did not get exempted. I would like to know will TurboTax update its system? If so, how will desktop users be affected? Thanks!
You'll need to sign in or create an account to connect with an expert.
Update again next week.
Thanks
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
steventate1728
New Member
Ambilobe
Returning Member
maneesa-bio
New Member
R-CBriarwood
Returning Member
MaxG
Level 3