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Level 1
July 25, 2022
Question

2020 10,200 tax refund

  • July 25, 2022
  • 1 reply
  • 0 views

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.

 

1 reply

Critter-3
Level 15
July 25, 2022

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.

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve...

 

 

Please read this news from the IRS:

 

 

https://www.irs.gov/newsroom/irs-continues-unemployment-compensation-adjustments-prepares-another-1-...

 

Alumni - Champ
July 25, 2022

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.