How will Pro Series handle the new legislation on Unemployment not being taxed?

[IntuitCharlene · Accepted solution]

While we await President Biden's signature on the American Rescue Plan, we are monitoring the situation very closely and will provide updates as they are available. 

For the latest and greatest, check out our COVID-19 Resource Center, our Tax Pro Center post about the American Rescue Plan, or the Tax Law and News on the Tax Pro Center.

Of course we will also post any relevant product updates here in the Accountants Community under the News & Updates sections in the community.

[rjacob]

any idea when this may happen, a month, two weeks, this summer?

[IntuitCharlene]

The IRS has not yet given guidance on this scenario and whether these will be adjusted automatically or need amended. You should wait for final guidance before taking any action. 

We will update that information in our COVID resource center and will also post information in the community as soon as we know. 

For the latest and greatest, check out the links below:

• COVID-19 Resource Center
• American Rescue Plan
• Tax Law and News