Question

With the new stimulus package going into affect I heard that the first $10,000 we make from unemployment will not be taxed. I have not filed my taxes yet should I wait a little bit longer so TurboTax

Forum|Forum|5 years ago
March 11, 2021
1 reply
0 views

Can update their system?

TurboTax Free Edition Online

Employee

After the legislation has passed Congress and after the President has signed the legislation and after the IRS has written the rules, regulations and procedures. And after the IRS has changed any forms or schedules to accept the tax code changes. And after the IRS has approved the changes in the TurboTax program that apply to the tax code changes, then it will be available for the users of the tax preparation software.

This can take anywhere from several weeks to several months before it becomes available.

T

tkristi49Author

Oh ok... I don’t want have to redo my TAXS again. Will they give us credit for this next tax year? Or would I have to admind them? You would think they would do this before the April 15th dead line huh?