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S
shakhamlet
June 27, 2021
Question

Should I file an amended Federal return to qualify for the Unemployment tax break? I was told that the IRS would adjust it for me, but they have not.

  • June 27, 2021
  • 1 reply
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1 reply

DoninGA
DoninGA
Employee
June 27, 2021

The IRS will be calculating the tax refunds for the unemployment compensation exclusion for those that are eligible.  There is no need for you to amend your tax return.

The IRS started sending the refunds in May and will continue sending refunds throughout the summer months.

 

Go to these IRS websites for information -

 

https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-paid-taxes-on-2020-unemployment-compensation

 

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

 

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

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