Question

I got the tax advance refund on the turbo tax card, will my unemployment refund come on the same card or are they going to send me a check?

Forum|Forum|4 years ago
June 25, 2021
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TurboTax Free Edition Online

Employee

The IRS will use the banking information that it has on record for you---whatever you used to receive your tax refund is what will be used for the unemployment refund. There is not a way to change your banking information for that refund.

Please read this very recent news from the IRS:

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

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-exclusion-periodic-payments-to-be-made-may-through-summer

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/am-i-eligible-for-a-new-credit-or-deduction-because-of-the-unemployment-income-exclusion/01/2211778

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation

You *might* need to amend your state return for unemployment that was taxed by your state.

https://www.kiplinger.com/taxes/state-tax/602307/taxes-on-unemployment-benefits-a-state-by-state-guide

https://www.kiplinger.com/taxes/602542/irs-sending-more-unemployment-tax-refund-checks-in-june?rid=EML-today&rmrecid=1883531033&utm_campaign=20210611-today&utm_medium=email&utm_source=today

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**