Question

Unemployment Benefits 2020

Forum|Forum|5 years ago
March 10, 2021
1 reply
0 views

Today's Covid Relief Bill included a credit to 2020 unemployment benefits paid. Since I already submitted my tax return, an amended form will be needed to correct it. Will you be sending out something to let me know when this credit will be supported?

Thank you

X

xmasbaby0

Employee

It can take weeks to several months or more for the changes to be made to tax software. First the IRS has to change its forms. The tax software has to be changed; the IRS has to test and approve of the software. Do not expect changes in the software to happen quickly. TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**