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2020 10,200 tax refund
I did not recieve a refund for my unemployment tax withheld I filed before the cares act went into place I had 26000 they took 10% of what should I do.
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2020 10,200 tax refund
You will get an additional federal income tax refund for the unemployment exclusion if all of the following are true.
- You reported unemployment benefits as income on your 2020 tax return, on Schedule 1 line 7.
- You did not get the unemployment exclusion on the 2020 tax return that you filed. The unemployment exclusion would appear as a negative amount on Schedule 1 line 8, with the abbreviation UCE on the dotted line to the left of the amount.
- Your tax on Form 1040 line 16 is not zero.
- Your Adjusted Gross Income (AGI), not including unemployment, is less than $150,000.
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.
Please read this news from the IRS:
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2020 10,200 tax refund
Please understand that you do not get a $10,200 refund. Rather, $10,200 is deducted from your taxable income before the tax rate is applied.
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