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March 14, 2021
Question

Is TurboTax updated for those who received unemployment in 2020?

  • March 14, 2021
  • 1 reply
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1 reply

macuser_22
Employee
March 14, 2021

The $10,200 unemployment retroactive to 2020 was just signed into law. Now the IRS is responsible for writing regulations and rules for claiming it.

Software changes do not happen overnight - it takes time to test, package as an update and fit into the existing update schedule. Probably a few weeks.

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**