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Level 2
March 25, 2021
Question

The IRS refunding people who have filed: How long do I have to wait for my refund? If I paid in do I get that back plus what I withheld? How do I know what I get back?

  • March 25, 2021
  • 10 replies
  • 51 views
I am looking for answers with the IRS refunding people who have already filed. How do I know what I get back is correct? How do I know what I'll get back? How long do I have to wait? Do I get back what I paid in + what I withheld? I can't find anything on any website. Any help would be great.

10 replies

Level 15
March 25, 2021

If you filed with TurboTax Online, TurboTax has updated the software so when you log back in, you'll see a different amount than what you initially submitted. The difference in the refund amounts is what you're eligible to get back.

 

If you haven't filed a tax return, you could enter your information in TurboTax Online and see your tax refund. 

  • No, you're not necessarily going to get back all the income tax you withheld. 

The IRS is now stating: If you have already filed your 2020 Form 1040 or 1040-SR, you should not file an amended return at this time. The IRS will issue additional guidance as soon as possible.

  • The IRS has not said when the additional refunds will be issued or if you have to do anything to get that refund.

 

As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments are now tax-free for households with annual incomes less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020.  

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Level 2
March 25, 2021

My tax return was already approved and I already paid in/ they already took what I owed so I see no new update because everything was already accepted.... I did my taxes back in January before the tax relief was passed.... So what do I do? How can I work out how much I am getting back or get the tax relief? I know I shouldn't file an amend but when I talked to a TurboTax expert on the phone last week they said I should be able to amend today, the 25th, to get my tax relief.