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April 29, 2021
Question

Should I be filing for amended of fedral tax return ? I was told 1099G should of had no taxes taken out

  • April 29, 2021
  • 1 reply
  • 0 views
no tax should of been taken out of fedral tax .i had1449.00 taken out

1 reply

DMarkM1
April 29, 2021

The IRS will correct your federal return to exclude up to 10,200 of unemployment benefits from taxable income.  After the corrections are made any overpayments due to withholding will be refunded to you. 

 

You do not need to amend your federal return for those changes. Here is IRS guidance on those changes.

 

However, you should also check to see if your state conformed to the new federal tax exclusion and if it did will your state make the corrections as well.  

 

Here is a link to check state information.  

 

 

 

 

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