Re: when will proseries basic be updated for the provision of the latest covid stimulus bill that exempts the first $10200 of unemployment income from federal income tax?

JRT · ‎03-16-2021

The bill also makes the first $10,200 of unemployment income tax-free for households with income less than $150,000. This provision would be retroactive to tax year 2020 (the taxes you file in 2021).

BobKamman · ‎03-16-2021

Here is the latest from Intuit

https://proconnect.intuit.com/community/form-1099-g/help/common-questions-on-the-unemployment-compen...

Just-Lisa-Now- · ‎03-16-2021

Ive just been using the instructions from IRS and manually making the adjustments...returns that also contain marketplace insurance with APTC I'll be waiting for an update, Im not quite sure how this plays into MAGI for the PTC calculation.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dd4vols · ‎03-16-2021

I'm just glad someone finally asked this question...😂🤣😂

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.