Has lacerte updated the new unemployment taxable wages?

Forum|Forum|5 years ago
March 12, 2021
1 reply
14 views

New Care act passed yesterday claims that $10k of unemployment will not be taxable

Lacerte Tax

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IRonMaN

Level 15

Passed yesterday but not signed. It's kinda tough to update software for laws that aren't laws yet.

These questions are now starting to relax me. They just keep rolling in and rolling in, like the waves of Lake Superior ---------------- they never seem to end.

Slava Ukraini!

rbynaker

Level 13

We did have a nice peaceful drive down Rt. 61 from Thunder Bay a few years ago. I must say, of all the Great Lakes, I do think that Superior is . . . better . . . than the other four.

Intuit has a long history of programming their software based on the form instructions rather than actual tax laws. So until the IRS comes up with some forms and instructions I wouldn't just sit around checking for updates all day. Put all affected returns on a shelf and come back in April (or perhaps June).

"We're gonna need a bigger shelf."

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