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April 20, 2021
Question

Do i need to amend my return due to new joe biden tax breaks?

  • April 20, 2021
  • 1 reply
  • 0 views
unemployent

1 reply

VolvoGirl
Employee
April 20, 2021

If you already filed and didn't get the 10,200 unemployment exclusion you do not need to amend.  The IRS will be adjusting it for you.  See,

https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-may

 

You can log back into 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.