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?

302

Level 2

Mar 25, 2021 11:01:48 AM

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

Expert Alumni

Mar 29, 2021 12:14:06 PM

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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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?