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President Joe Biden signed his $1.9 trillion stimulus plan last week, and Americans are eager to receive their stimulus checks and get tax refunds. But H&R Block and TurboTax customers will have to wait for some of it.
Taxpayers with income under $150,000 in 2020 are eligible for a tax exemption on the first $10,200 of unemployment benefits received from the federal government. According to CNBC, online tax preparers H&R Block and TurboTax haven’t updated their software to account for the changes, with experts saying that taxpayers who are eligible for the tax break details ⇒
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