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llopezsm
New Member

Do I need to take any action to get my additional refund for the unemployment taxes that were withheld in 2020? I filed prior to the announcement that it would be nontax.

 
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2 Replies

Do I need to take any action to get my additional refund for the unemployment taxes that were withheld in 2020? I filed prior to the announcement that it would be nontax.

No, there is nothing for you to do.  The IRS will be calculating and issuing the tax refunds based on the unemployment compensation exclusion for all who are eligible.

 

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

And this IRS website for exclusion FAQ's - https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

rjs
Level 15
Level 15

Do I need to take any action to get my additional refund for the unemployment taxes that were withheld in 2020? I filed prior to the announcement that it would be nontax.

Your unemployment is not necessarily all nontaxable, and you won't necessarily get a refund of all the tax that was withheld. The first $10,200 of your unemployment is nontaxable. The IRS will exclude up to $10,200 of unemployment from your income, and recalculate your tax return accordingly.

 

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