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?

[lfallin]

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

[qbteachmt]

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

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

[Just-Lisa-Now-]

thats a link right back to the main questions page

[qbteachmt]

"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.

🙂

[Just-Lisa-Now-]

@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...

[Paul-G-328]

Thats going to mean a whole slew of Amendments for me. I assume that includes states too, most of which will have to be mailed in.

[qbteachmt]

"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.

[qbteachmt]

Here's one of the resources I like:

https://www.journalofaccountancy.com/news/2021/mar/tax-components-coronavirus-relief-bill.html

They post updates, keep it short and concise.

[qbteachmt]

Intuit put a link at the top of the forum pages, too.