Does anyone know how they are going to have us enter in proseries the Unemployment benefits that are considered non taxable as on the new bill?

Forum|Forum|5 years ago
March 11, 2021
8 replies
27 views

I know they passed the new bill saying that up to 10,200 in unemployment benefits will not be taxable, do we know how or where we will enter that to make it process correctly?

Thanks

ProSeries Professional

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qbteachmt

Level 15

That's not quite how it reads. You can watch this:

https://proconnect.intuit.com/community/proseries-tax/discussion/02/221

Don't yell at us; we're volunteers

Just-Lisa-Now-

Intuit Community Champion

thats a link right back to the main questions page

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt

Level 15

"thats a link right back to the main questions page"

Yes. Watch That Space. See the bazillion postings and watch for Intuit's input. Look at the big Graphics and links to News and Updates.

That's why it is provided.

🙂

Don't yell at us; we're volunteers

Just-Lisa-Now-

Intuit Community Champion

@lfallin heres a link thats not quite as useless

https://proconnect.intuit.com/taxprocenter/tax-law-and-news/american-rescue-plan-what-does-the-third-stimulus-mean-for-your-clients/

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt

Level 15

"thats not quite as useless"

It made sense to me; that's where Updates will be found. That way, no one has to keep providing individual answers to the same bazillion times this is asked, over the next month.

Sorry if it seems useless.

The posting to that article is dated March 4. It's not the most current, either.

If you watch the Main Community, here:

https://proconnect.intuit.com/community/

You will see some people post updates and articles on the issues.

It's far too early for anyone to tell you what the IRS intends to do to make the related computations work for the enacted bill, which does not read as "exempt unemployment". It would never be that simple.

Don't yell at us; we're volunteers