If you are referring to the unemployment exclusion update then this is updated in TurboTax Online. You can see the exclusion of unemployment on line 8 Schedule 1. Click on "Tax Tools" in the left menu Click "Tools" Click "View Tax Summary" in the Tool Center window Click on "Preview my 1040" on the leftIf your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable. If this does not answer your question then please provide more details.

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KBCPA1

Level 3

Question

When will software be updated ?

Forum|Forum|5 years ago
March 24, 2021
1 reply
0 views

No text available

TurboTax Premier Online

DanaB27

Level 15

If you are referring to the unemployment exclusion update then this is updated in TurboTax Online. You can see the exclusion of unemployment on line 8 Schedule 1.

Click on "Tax Tools" in the left menu
Click "Tools"
Click "View Tax Summary" in the Tool Center window
Click on "Preview my 1040" on the left

If your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.

If this does not answer your question then please provide more details.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

KBCPA1Author

Level 3

Actually I am interested to know when the desk top software will be updated to reflect May 17 filing date so I can file now and set payment date in early May. Presently payment date must be before April 15.

KatrinaLO

Level 14

If you are having issues and need assistance, please contact customer support. Please see the Customer Support phone number here. If you would like to reach out through our website, please see the TurboTax FAQ below for contact information: https://support.turbotax.intuit.com/contact/

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"