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taxtyme125
New Member

Do i need to refile to update my tax due on umemployment benefits?

Are umemployment benefits taxable for 2020?
2 Replies
ErnieS0
Expert Alumni

Do i need to refile to update my tax due on umemployment benefits?

Yes. Unemployment benefits, Pandemic Unemployment Assistance and  Federal Pandemic Unemployment Compensation are all taxable on your federal return. They may also be taxable for state.

 

Wait until you receive your refund and then file an amended income tax return. The IRS gets a copy of your unemployment 1099-G so if you do not amend, you will receive a tax notice with additional penalty and interest.

 

Related Resources:

Mike9241
Level 15

Do i need to refile to update my tax due on umemployment benefits?

wait for the IRS to issue guidance on this issue.  

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