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March 25, 2021
Question

Did TurboTax update my return for the new unemployment relief bill? If not, when will the software be updated to account for the new relief bill?

  • March 25, 2021
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1 reply

DoninGA
Employee
March 25, 2021

The TurboTax online editions were updated with the unemployment exclusion on 03/19.  Your 2020 AGI must be less than $150,000 to be eligible.

The exclusion amount is on Schedule 1 Line 8 and your unemployment compensation is on Line 7.

 

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.