Can anyone answer this, I’ve received my tax return for 2020 but the IRS didn’t make any adjustments per the new exclusion. My taxes were filed prior to the bill signing.

[theoriginalglamsquad]

I’m referring to unemployment benefits. Now that I’ve received a deposit. Does this mean I won’t get  to claim the $10,200 exclusion?

[DoninGA · Accepted solution]

Yon can file an amended tax return to include the unemployment compensation exclusion.

An amended return, Form 1040X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.

See this TurboTax support FAQ on amending a tax return originally completed and filed using the 2020 TurboTax editions - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return/01/27439

The IRS Form 1040-X for amending a 2020 tax return is scheduled to be available on 03/25/2021 (subject to change)