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Level 2
April 8, 2021
Solved

Amended Return Required?

  • April 8, 2021
  • 1 reply
  • 4 views

I had occasion to review my TurboTax filing several weeks after I received my $22 refund. TurboTax now says I'm due a $1264 federal return. Is this for real?  Do I need to file an amended 2020 return?

 

Thanks for the help.

 

    Best answer by Mike9241

    if you reported unemployment compensation then under the ARP act passed into law in 2021 for 2020 some may be nontaxable. The IRS has said it will fix such returns and make refunds as needed. it also stated not to file amended returns. when will you get the added refund if this is your situation?  some time in May at the earliest. 

    1 reply

    Mike9241
    Level 15
    Mike9241Level 15Answer
    Level 15
    April 8, 2021

    if you reported unemployment compensation then under the ARP act passed into law in 2021 for 2020 some may be nontaxable. The IRS has said it will fix such returns and make refunds as needed. it also stated not to file amended returns. when will you get the added refund if this is your situation?  some time in May at the earliest. 

    Mike9241
    Level 2
    April 8, 2021

    Do we need to amend state tax for the unemployment compensation? Thanks!