Skip to main content
July 20, 2021
Question

I’ve already filed my 2020 state and federal returns and the new stimulus bill will forgive $10,200 in unemployment benefits. Do I need to file an amendment?

  • July 20, 2021
  • 1 reply
  • 0 views
No text available

1 reply

DoninGA
Employee
July 20, 2021

No, you do not need file an amended tax return.

The IRS controls when the tax refund for the unemployment compensation exclusion is distributed.  The IRS sends the refunds in batches to those that are eligible starting in May and throughout the summer months.

Go to these IRS websites for information -

 

https://www.irs.gov/newsroom/irs-readies-nearly-4-million-refunds-for-unemployment-compensation-over...

 

https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-pa...

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

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