This morning, we released federal form updates relating to both the unemployment exclusion and the 5/17 due date.
Important: The IRS has stated that there is no need to file an amended return (Form 1040-X) to figure the amount of unemployment compensation to exclude. The IRS will re-calculate and send the difference.
For states who have already declared their intentions on these issues, we are targeting a 3/29 release for those state forms. Please refer to our "Latest Impacts" landing page or to state government websites for individual state impacts.
Direct Debit Payment Dates: Please be aware that the IRS still has not changed their business rule for Direct Debit payment dates, and cannot currently accept Direct Debit payment dates that are after 4/15/21 (even though our software now has been updated to allow dates between 4/15 and 5/17). Until the IRS updates their rule for this, any returns with Direct Debit payment dates after 5/15 will be rejected by the IRS.
