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Level 2
March 17, 2021
Question

I had to pay state taxes due to unemployment will i get money back no that they are pardon

  • March 17, 2021
  • 1 reply
  • 8 views
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1 reply

Level 15
March 17, 2021

Yes, you will be able to get a refund, but you should not do anything (like amend).  

 

The IRS is reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021. Additional information about a new round of Economic Impact Payments, the expanded Child Tax Credit, including advance payments of the Child Tax Credit, and other tax provisions will be made available as soon as possible on IRS.gov. The IRS strongly urges taxpayers to not file amended returns related to the new legislative provisions or take other unnecessary steps at this time.

 

The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits nontaxable. For those who haven't filed yet, the IRS will provide a worksheet for paper filers and work with software industry to update current tax software so that taxpayers can determine how to report their unemployment income on their 2020 tax return. For those who received unemployment benefits last year and have already filed their 2020 tax return, the IRS emphasizes they should not file an amended return at this time, until the IRS issues additional guidance.

 

If you’d like to be updated when the information on the new unemployment benefits becomes available, please click on the following link: 

 

How do I get the new unemployment benefits if I’ve already filed my taxes?

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Level 2
March 17, 2021

How would I go about getting a refund? 

Thanks for the information.

 

Level 15
March 17, 2021

Currently we are waiting on instructions from the IRS how they will handle returns that have been already filed with unemployment. 

 

For now, please do not amend your 2020 tax return, the IRS will soon provide taxpayers with additional guidance what to do and how to get your refund. If you want to receive updates then please sign up here.

 

"For those who received unemployment benefits last year and have already filed their 2020 tax return, the IRS emphasizes they should not file an amended return at this time, until the IRS issues additional guidance." Please see IRS statement American Rescue Plan Act of 2021 for details.

 

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