You are among millions who have now been affected by a mid-tax season change in the tax law. Patience will be necessary.
TurboTax will update the software for the unemployment but there is no timeline yet.
It can take weeks to several months or more for the changes to be made to tax software. First the IRS has to change its forms. The tax software has to be changed; the IRS has to test and approve of the software. Do not expect changes in the software to happen quickly. TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.
Hello the bill was signed into law. So y’all better get working on this. Lots of tax softwares out there to choose from.
After the legislation has passed Congress and after the President has signed the legislation and after the IRS has written the rules, regulations and procedures. And after the IRS has changed any forms or schedules to accept the tax code changes. And after the IRS has approved the changes in the TurboTax program that apply to the tax code changes, then it will be available for the users of the tax preparation software.
This can take anywhere from several weeks to several months before it becomes available.
See this TurboTax support FAQ for information on the American Rescue Plan - https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859
Well 34 days until tax day guess you should be getting on in for your customers.
TurboTax nor any other tax preparation software company can interpret Congressional Legislation nor change the US Internal Revenue Code. That is the legal responsibility of the US Treasury Department through the Internal Revenue Service. Once those changes are made to the tax code by the IRS and any TurboTax software changes based on the tax code changes have been approved by the IRS, then and only then will the program changes be made available for public access.