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joecavy60
New Member

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

When will TurboTax software be updated for the $10,200 edd tax exemption?
11 Replies
gloriah5200
Expert Alumni

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

Unfortunately, we do not yet know when we will have received the new information from IRS and implemented it into our system.

 

Yes, TurboTax is patiently waiting for IRS to update their own system and then provide instructions to the software developers on how they want them to make the changes in their software. 

 

If you haven’t filed your 2020 taxes yet and would like to receive progress status updates, please sign up here

Hagerr0822
Level 3

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

I have seen where some say their’s has been updated.  Mind has not as of this morning.

ToddL99
Expert Alumni

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

That is correct - the desktop version of TurboTax still hasn't updated for unemployment issue.

 

 

We’re working hard to keep TurboTax up to date with the latest tax changes based on instructions we receive from the IRS. 

 

To get updates on our progress, go to one of the following links to sign-up:

 

For customers who have already filed: How do I get the new unemployment benefits if I’ve already filed my taxes? 

 

For customers who have not yet filedHow do I claim the new unemployment benefits in TurboTax? 

joecavy60
New Member

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

I use the online version offered when they email me. I only realized it didn't offer the deduction after almost completing the darn thing. 

How do I know before beginning it?  How can I find out updates from TT? 

The sign up for updates thing TT offers glitched out and wouldn't let me submit.

 

joecavy60
New Member

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

I was unable to sign up for TT update on the $10,200 deduction thing. The 'submit' button was glitching out and wouldn't submit. Tried again, same thing.

Is there a way to tell if the online version they offer is updated BEFORE I begin?

KatrinaLO
Intuit Alumni

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

We’re working hard to keep TurboTax up to date with the latest tax changes based on instructions we receive from the IRS. To get updates on our progress, go to one of the following links to sign-up:

 

For customers who have already filed: How do I get the new unemployment benefits if I’ve already filed my taxes? 

 

For customers who have not yet filedHow do I claim the new unemployment benefits in TurboTax? 

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J7r888
New Member

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

Hi, do we have an update on this matter?

Critter-3
Level 15

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

Both programs have been updated now  HOWEVER the IRS just made another change so if your unemployment is not being negated because your AGI is over $150K then you need to wait until that new change has been implemented.  

J7r888
New Member

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

Will the AGI matter with the new update?  If so, is there a new cap?

Critter-3
Level 15

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

Will the AGI matter with the new update?  NO

J7r888
New Member

Will Turbo Tax software be up and ready to accommodate folks who need the $10,200 tax exemption for edd income?

Thank you for your help.  Do you have a link on this new update by the IRS?

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