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May 8, 2021
Question

Do I need to amend my return being that I have unemployment an haven't received any compensation from the new law passed

  • May 8, 2021
  • 1 reply
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1 reply

VolvoGirl
Employee
May 8, 2021

NO.  If you have filed the IRS will recalculate your return for the new unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.
https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-may


You can log back in or open your return and it should automatically update your return and show you the new refund. But the updated return won't be sent. The IRS will adjust it for you. You may need to update the Desktop program for it.