Question

Will turbo tax update the new credit for unemployment tax up to 10,xxx?? It was passed in the new stimulus bill. If you’ve already filed I heard you will have to amend

Forum|Forum|5 years ago
March 12, 2021
1 reply
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New unemployment credit

TurboTax Deluxe Online

The new ARP bill has increased the Child Tax credit starting in tax year 2021 exempted from taxation up to $10,200 of unemployment benefits received in 2020 for households with an annual income under $150,000..

However, this bill has just been signed on March 11. Please be patient. The IRS will provide guidance within two to three weeks on what taxpayers need to do. And TurboTax will always timely assist their customers.

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