Question

Since the relief bill was signed into law, and since i filed my 2020 taxes. what should i do with my unemployment income for 2020 and taxes for it.

Forum|Forum|5 years ago
March 12, 2021
1 reply
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I want to know what should i do to make sure part of my unemployment doesnt get taxed since I already filed my taxes but havent paid/received amount

TurboTax Self Employed Online

M

Mike9241

you'll have to wait until the IRS publishes guidance on how to claim the reduction in taxes. Most likely an amended return will be required but it may also need a special form or simple wording such as filed under REV PROC XX-XXX. rush to file a 1040-X before hand and you could severely delay any refund. also it will take time for Turbotax to update its apps.