Skip to main content
June 6, 2021
Question

Will thw 10200 ui benwfits look like

  • June 6, 2021
  • 1 reply
  • 0 views
I was wandering about how much does it give u back in redunds after u exclude 10200 in unemployment benefits

1 reply

Employee
June 6, 2021

That would depend on how much federal tax you had withheld from your unemployment to begin with, or on your overall tax situation if you filed before the tax law changed  and paid tax on your unemployment when you filed.

 

 

If you are eligible for the extra refund for federal tax that was withheld from your unemployment the IRS will be sending you an additional refund sometime during the next several months.  TurboTax cannot track or predict when it will be sent.  The IRS has not provided a way for you to track it, so all you can do is wait for the refund to arrive.

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

 

 

Please read this very recent news from the IRS:

 

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

 

 

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/am-i-eligible-for-a-new-credit-or-deduction-because-of-the-unemployment-income-exclusion/01/2211778

 

 

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

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**