Question

How do I account for for the 10,200 tax exemption in turbo tax? Do I reduce my income? I am not getting any answers through all other venues

Forum|Forum|5 years ago
March 23, 2021
3 replies
0 views

Do I need to adjust down my income or is Turbo Tax still not updated? I've searched multiple venues and can't seem to find an answer.

TurboTax Online

B

Bsch4477

Employee

You can either wait for the desktop program to be updated or file now and the IRS will correct your return for you. The time frame for that correction is not known.

D

DavidD66

You should not make any adjustments to your income or how you input your Form 1099-G. TurboTax Online has been updated to reflect the exemption of $10,200 of unemployment benefits, if you income is below $150,000. If you qualify, the program will automatically calculate the amount to exclude and adjust you income and tax accordingly.

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S

snakeman60

When did the update occur. I am not seeing that yet.

S

snakeman60

I have a CD loaded desktop version of turbotax

V

vikingsfan22462-Author

So when is the TurboTax Deluxe version that I purchased and loaded on my PC going to be updated. I am still not seeing any changes when I go into finish my taxes and am getting increasingly frustrated. Come on Turbo Tax, I paid for this version and can't get my taxes done.