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1 reply

DoninGA
DoninGA
Employee
June 29, 2021

No, the IRS requests that you do Not amend your tax return if you filed before the unemployment compensation exclusion was available on a tax return.

 

The IRS will be sending tax refunds for the exclusion for all those that filed a tax return with unemployment compensation and are eligible.  The IRS started sending refunds in May and will continue 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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