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holland 2
Returning Member

e filed & now turbo tax has different $ amounts on refunds, paid state & now shows refund for state & about $1500. more from fed. still no direct deposit for refunds.

 
2 Replies
VolvoGirl
Level 15

e filed & now turbo tax has different $ amounts on refunds, paid state & now shows refund for state & about $1500. more from fed. still no direct deposit for refunds.

Did you enter any unemployment? There was a change for that.


You can exclude up to 10,200 of unemployment unless your income is over 150,000. The IRS will recalculate your return for the new unemployment exemption if you already filed.  You can log back into your return and it should automatically update your return and show you the new refund. But the updated return won't be sent. The IRS will adjust it for you.

 

If you have filed. The IRS will recalculate your return for the new unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.
https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...

 

AmyC
Employee Tax Expert

e filed & now turbo tax has different $ amounts on refunds, paid state & now shows refund for state & about $1500. more from fed. still no direct deposit for refunds.

You will need to file an amended return for the state. You may need to file an amended federal but only if a credit is not on your return and should be.  The IRS is adjusting the unemployment and credits already on returns.

 

Once your original return is accepted and the finances are settled, you can file an amended return. 

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