Question

Got email from TurboTax about increased Unemployment benefits

Forum|Forum|5 years ago
April 28, 2021
1 reply
0 views

I already filed taxes in Feb before they announced about increased Unemployment benefits 10,200 tax break. IRS will adjust it in May. I wonder do I expect more refund or owe them??

If more refund. They will deposit it in bank or mail the check?

Thanks

TurboTax Free Edition Online

M

Mike9241

you should get more refunded provided your modified adjusted gross income is under $150,000. the refund will be done the same way the original refund was made.

J

JP001

Hello,

I received the following email, but I have not received any additional funds. How can I check if and when I should be receiving them?

"We are following up on our earlier email regarding the increased Unemployment benefits. Great news! We have confirmed that you do not need to take any additional actions to get the benefits you deserve. At this time, you do not need to file an amended Federal or State tax return. We will continue to keep you informed if anything changes. Otherwise, for more information on when you can expect this payment"

Thank you for your time.

DoninGA

Employee

@JP001 wrote:

Hello,

I received the following email, but I have not received any additional funds. How can I check if and when I should be receiving them?

"We are following up on our earlier email regarding the increased Unemployment benefits. Great news! We have confirmed that you do not need to take any additional actions to get the benefits you deserve. At this time, you do not need to file an amended Federal or State tax return. We will continue to keep you informed if anything changes. Otherwise, for more information on when you can expect this payment"

Thank you for your time.

The IRS controls when the tax refund for the unemployment compensation exclusion is distributed. The IRS sends the refunds in batches to those that are eligible starting in May and throughout the summer months.

Go to these IRS websites for information -

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

https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-pa...

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

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