Question

I would like to know we im going to get the tax credit because i filled before the law took in effect.

Forum|Forum|4 years ago
June 27, 2021
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i would like to know if i will get the 10200 tax break since i filled before the law took infect

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Employee

Q. I would like to know if I will get the $10,200 unemployment deduction, since I filed before the law took affect?

A. Yes. The IRS will automatically recalculate your refund and send you the difference. There is nothing you need to or should do (don't file an amended tax return). Refunds have started. When you get yours, depends on the complexity of your return. There is nothing you can do to find out. You just have to wait.

References:

https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-may

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