Question

Refund change after filing

Forum|Forum|5 years ago
April 8, 2021
2 replies
0 views

I entered Turbo Tax after filing and the refund amount has changed. It appears that there now an amount of unemployment that is not taxable. The answer to a similar question said the IRS would automatically do the adjustment but that did not happen in my case. Do I need to file an amended return to get the balance of the refund due me?

X

xmasbaby0

Employee

Here is why you do NOT amend your return for unemployment:

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

**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.**

K

kkeatonAuthor

Thanks for the quick response. I already got my refund ant the lower amount. I'll wait to see if I get the balance. The time line in the article you sent was very helpful!

DoninGA

Employee

The IRS has not even started with the unemployment compensation recalculations based on the exclusion. Do not amend your tax return for the exclusion.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-may