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It depends. Generally, you are advised to not amend your return if you qualify for the unemployment exclusion. However, if excluding unemployment make you eligible for additional federal credits and deductions not already included on the original tax return, then you should amend your return.
For example, the IRS can adjust returns for those taxpayers who claimed the Earned Income Tax Credit (EITC) and, because the exclusion changed the income level, may now be eligible for an increase in the EITC amount which may result in a larger refund. However, taxpayers would have to file an amended return if they did not originally claim the EITC or other credits but now are eligible because the exclusion changed their income.
You can read the IRS article here.
I believe I made a mistake on my state tax. Could you please help me! Thank you.
Did you file state? What do you think you did wrong?
I believe I made a mistake on my state tax. Could you please help me! Thank you.
How do I go about talking live to a representative?
First it told me I was getting 702.00 back then it said 0 return. What do I need to do?
In ny1099-R
Line 14 state tax withheld 702.00
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