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Level 1
March 3, 2021
Question

Does Arkansas tax unemployment compensation for 2020

  • March 3, 2021
  • 7 replies
  • 22 views

Does the state of Arkansas tax unemployment compensation on 2020 tax return

 

This topic has been closed for replies.

7 replies

Just-Lisa-Now-
Intuit Community Champion
March 3, 2021
I'll bet Google knows
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Just-Lisa-Now-
Intuit Community Champion
March 3, 2021

I just saw something in another group that just yesterday Arkasas decided NOT to tax UI in 2020 or 2021....it will be weeks before Intuit will program these changes into the software though Im afraid.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 5
March 15, 2021
Level 3
March 25, 2021

As of 3.24.21 Proseries Basic isn't calculating the exclusion for Arkansas Unemployment correctly.   It's not taxing unemployment then providing an additional credit in the amount of the unemployment.

 

Also, has Arkansas legislation adopted the Covid Retirement Distribution Relief?  In other words have they conformed to the Federal 8915?

Just-Lisa-Now-
Intuit Community Champion
March 25, 2021
ProSeries hasnt been updated for ANY states regarding the federal UI exclusion and the changes it causes on the state returns.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪