Skip to main content
September 9, 2021
Question

Unemployment

  • September 9, 2021
  • 1 reply
  • 0 views

The last entry on my adjust transcripts says:

290  Additional tax assessed July 26, 2021- $0.00. 
Does that mean I will not received my unemployment funds? 

$3,482 was deducted from my taxes towards unemployment compensation. 

    1 reply

    AdamNe
    September 9, 2021

    Hi @mdarnitrisk92 ,

     

    To determine if you're due any additional refund from the unemployment exclusion, take a look at your original tax return vs your current tax return transcript from the IRS. 

     

    Compare line 16 of each. If they are the same, you are not due any refund. If the transcript has a lower number on line 16, you should be refunded the difference. 

     

    The IRS has said that payments will continue "throughout the summer," which means that unless we hear something else, payments could continue through September 22nd.



    Here is some information that may help you regarding payments for additional refund due:



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



    https://blog.turbotax.intuit.com/tax-news/am-i-eligible-for-the-new-unemployment-income-relief-49427...



    As an aside, the reduction in taxable income did not result in additional refund due for all taxpayers. If you need help determining if you should be receiving extra funds, don't hesitate to reach out to our Live Help from your TurboTax home screen, or call (800) 446-8848! One of our agents can take a look at your return and help you determine how much you should be expecting to receive. 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"