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S
stinad
March 13, 2021
Question

I was unemployed for most of 2020. Due to the American Rescue plan, does the TurboTax system not tax the first $10,200 in unemployment benefits?

  • March 13, 2021
  • 1 reply
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1 reply

X
xmasbaby0
Employee
March 13, 2021

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

 

 

 

You are among millions who have now been affected by a mid-tax season change in the tax law.  Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

  If you have not e-filed yet—-wait.   And if you already e-filed and want to amend for this—WAIT.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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