Unemployment rules changed

[Ernie]

The rules to determine if the clients are able to exclude some/all unemployment from being taxable have changed.  On the Unemployment Compensation Exclusion Worksheet they changed rule number 10 to read "Enter the amount from Schedule 1, lines 1 through 6. Don't include any amount of unemployment compensation from Schedule 1, line 7 on this line".  

This means that unemployment does not count to get you 150,000 or 75,000, etc.  Pro Series is not currently updated for this.

Dusty Ernie

[Ernie]

@Orlando  just an FYI.

[Just-Lisa-Now-]

IRS just released the new worksheet yesterday.

[Accountant-Man]

Then the software should have been updated yesterday!

[Ernie]

Lisa:

I understand that they just updated the rules but INTUIT / PROSERIES does not communicate at all with us so I figured that I would let people know.

Dusty Ernie

[IRonMaN]

Ernie - it's the thought that counts, but you have to remember - other than the regulars here and maybe 3 others, nobody ever looks before they ask.

[BobKamman]

IRS does very little to communicate with us, also.  I pay enough for software, I don't want to pay extra for Intuit Breaking News.