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April 8, 2021
Solved

Program Updater

  • April 8, 2021
  • 1 reply
  • 0 views

If I have already filed and a Program Update would change my tax due or refund, will I be notified by TurboTax?

 

If not, when I access my filed return will the tax due or refund amount shown be updated to the new correct amount?

    Best answer by mglauner

    If your tax due or refund changes due to the Unemployment Income Exclusion, the IRS will automatically figure your additional credit and send it as a second payment some time after your first refund is received.

     

    TurboTax will not notify you of this, as the IRS is calculating the credit.

     

    Click this link for more info on IRS Recalculating Tax Returns

     

    If you open your filed return by choosing the 'Amend' option you can see if your refund has changed for updates.

     

     

    1 reply

    mglaunerAnswer
    April 8, 2021

    If your tax due or refund changes due to the Unemployment Income Exclusion, the IRS will automatically figure your additional credit and send it as a second payment some time after your first refund is received.

     

    TurboTax will not notify you of this, as the IRS is calculating the credit.

     

    Click this link for more info on IRS Recalculating Tax Returns

     

    If you open your filed return by choosing the 'Amend' option you can see if your refund has changed for updates.