Do I need to amend my tax returns to account for t...
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robertbuckenroth
New Member

Do I need to amend my tax returns to account for the unemployment tax credit. Can you amend or change your return on TurboTax? How long does it take the IRS to accept?

 
2 Replies
rjs
Level 15
Level 15

Do I need to amend my tax returns to account for the unemployment tax credit. Can you amend or change your return on TurboTax? How long does it take the IRS to accept?

If you already filed your tax return, you do not have to amend it for the $10,200 unemployment exclusion. The IRS is going to recalculate your tax return and send you the additional refund. It might take several months to get it. For details see the following IRS announcement.


IRS to recalculate taxes on unemployment benefits; refunds to start in May

 

ee-ea
Level 13

Do I need to amend my tax returns to account for the unemployment tax credit. Can you amend or change your return on TurboTax? How long does it take the IRS to accept?

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