Question

We filed for 2020 taxes early and over paid on UE taxes as of today we have not received a refund for over payment we qualify for the UE tax credit up to $10,000

Forum|Forum|5 years ago
June 7, 2021
1 reply
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Do we have to file any forms or refunds will be sent automatically

TurboTax Self Employed Online

Employee

No, you do not need to send any form or amend the filed tax return. The IRS will send you a tax refund for the unemployment compensation exclusion if you are eligible.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-paid-taxes-on-2020-unemployment-compensation

Go to this IRS website for exclusion FAQ's - https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

fanfare

Employee

you are not going to get a tax credit but only a deduction of up to 10,200 so don't be disappointed when you get back much less than that.

M

milad122880Author

I know that. We will be getting back what we paid in taxes on up to $10,000 my question is not how much would we get back question is when estimate on when would we get the refund back on UE taxes.