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March 14, 2021
Question

My online return does not reflect the recent 10000 exception for unemployment benefits???

  • March 14, 2021
  • 1 reply
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1 reply

DoninGA
Employee
March 14, 2021

After the legislation has passed Congress and after the President has signed the legislation and after the IRS has written the rules, regulations and procedures.  And after the IRS has changed any forms or schedules to accept the tax code changes.  And after the IRS has approved the changes in the TurboTax program that apply to the tax code changes, then it will be available for the users of the tax preparation software.

 

See this TurboTax support FAQ for information on the American Rescue Plan - https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

Employee
March 14, 2021