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March 19, 2021
Question

TurboTax stated that they would update their system by Thursday evening, 3/18, so that the unemployment tax wavier would be implemented. When is this really happening?

  • March 19, 2021
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March 19, 2021

If you haven't filed your tax return yet, we expect TurboTax to be updated later today (Friday, 3/19) to include the new federal tax relief calculations on unemployment benefits. [Releases are usually pushed later in the day.]

 

The adjustment to the taxable unemployment benefits will be on Schedule 1, line 8 of the 1040.