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Anonymous
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When will the software be updated for the $10200 in unempl inc. exclusion? Will the update reflect the IRS guidance that UI does not count toward the $150,000 threshold?

 
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2 Replies

When will the software be updated for the $10200 in unempl inc. exclusion? Will the update reflect the IRS guidance that UI does not count toward the $150,000 threshold?

Please advise me as to when system will be updated to reflext the UI exclusion

 

Cynthiad66
Expert Alumni

When will the software be updated for the $10200 in unempl inc. exclusion? Will the update reflect the IRS guidance that UI does not count toward the $150,000 threshold?

TurboTax Online has been updated to exclude the Unemployment Compensation.  You may file your returns now.  Re-enter the Form 1099-G so that the exclusion will be applied.  

 

TurboTax CD/Download version is not update to exclude the allowable exclusion of Unemployment Compensation yet.

 

For more details, use this link:  New Unemployment Compensation Exclusion

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