CARES Act legislation

[INTJ]

How is Intuit handing the changes, specifically the portion of unemployment income not subject to income tax, that was part of the CARES legislation that is expected to be signed sometime in the next few days?

Will Intuit only address this once it becomes signed by the President, or are they starting the process since the President signing seems only a formality at this point?

[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.