Will Turbo Tax software be updated to include unemployment tax reduction of $10,200 when Bidin Resuce bill is signed on Wednesday March 10, 2021?

dbgallo · ‎March 10, 2021

xmasbaby0 · ‎March 10, 2021

That tax law has not yet been signed into law by the President. When that happens then the IRS will need to change the tax forms, the programmers have to change the software, and then the IRS has to approve of their software. That will take time---we do not know yet when all of those changes will be accomplished. As soon as more is known, TurboTax will provide information. The software changes will take weeks or even several months.

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Will Turbo Tax software be updated to include unemployment tax reduction of $10,200 when Bidin Resuce bill is signed on Wednesday March 10, 2021?