Question

Amendment unemployment

Forum|Forum|4 years ago
July 20, 2021
1 reply
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I am wondering if the IRS is still doing the automatic amendments for the 2020 tax forgiveness on unemployment. And if so when should I expect my return. Or do I need to file at myself. I'm so confused on that

TurboTax Self Employed Online

VolvoGirl

Employee

If you have filed early before the exclusion, the IRS will recalculate your return for the new 10,200 unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.

Just keep waiting. The IRS is sending them out in batches over the summer.

See IRS news July 13, 2021

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

See IRS article May 14, 2021

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