Do I need to amend?

Forum|Forum|5 years ago
June 8, 2021
3 replies
3 views

I collected partial unemployment during this last tax year. I filed my taxes before the new stimulus bill was signed into law by Biden and made $10,200 of unemployment income tax free. I claimed the Additional Child Tax Credit and Earned Income Credit when I originally filed. Do I have to file an amended return to get the refund for the unemployment tax change or will the IRS automatically do this for me?

Amend

DoninGA

Level 15

If you are eligible the IRS will calculate the refund for you and send you the refund based on the unemployment compensation exclusion.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-paid-taxes-on-2020-unemployment-compensation

AudioPete2

Level 2

Do I need to file an amended return for my state (MD) for the extra Unemployment exclusion amount?

DoninGA

Level 15

@AudioPete2 wrote:

Do I need to file an amended return for my state (MD) for the extra Unemployment exclusion amount?

Yes. Maryland recommends amending your return to claim the $10,200 unemployment adjustment. Sign in to TurboTax to file Form 502X, Maryland Amended Tax. See the Comptroller of Maryland news release for more information.