You'll need to sign in or create an account to connect with an expert.
No, DO NOT file an amended return 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 more information see the following IRS announcements and FAQ.
IRS to recalculate taxes on unemployment benefits; refunds to start in May
IRS begins correcting tax returns for unemployment compensation income exclusion
2020 Unemployment Compensation Exclusion FAQs
The IRS has announced their plans on their website.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
keykeylene08
New Member
mjuan19
New Member
zamfiralex
New Member
mvigil1
Level 1
Analisa47
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.