Question

Why isn't turbo tax Recalculating my tax return to include the $10200 exclusion on my unemployment federal tax withholding?

Forum|Forum|5 years ago
March 14, 2021
2 replies
0 views

I had 10% withheld for Federal taxes !099-G box 4. I read over the information regarding how the Unemployment Exclusion Worksheet is to be completed. I had already completed my tax return but it had been rejected do to AGI that was not matching for 2019 (which I pulled the transcript and it does match what the IRS has on file). Now I want to re-calculate my return so that it includes this exclusion. I worked back through my return and it does not seem to be recalculating to include this change. What do I need to do?

TurboTax Deluxe Online

D

DanaB27

Please be aware that TurboTax is working on implementing the changes of the American Rescue Plan Act of 2021. Please be patient.

If your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.

Please see Unemployment FAQs (scroll down) for details and updates.

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0

0ldcodger88

WHEN DO YOU THINK THIS WILL HAPPEN?

P

PattiF

TurboTax Online has been updated to include the $10,200 exclusion of unemployment for those who have not filed yet. We will let you know when TurboTax Desktop has been updated.

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E

energyerf

when will my desk top turbo tax show the 10200 exclusion from my unemployment

I

Irene2805

We are working on incorporating the changes to TurboTax CD/Download as quickly as we can. You can sign up here to receive an email notification when it has been completed.

The update for the unemployment benefits has been added to TurboTax Online. Just enter the unemployment benefits reported to you on Form 1099-G and TurboTax will automatically subtract $10,200.