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Email says amend return for UC tax break, online says wait for irs to process. Should I wait or just amend, how long to I have to amend?

 
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3 Replies
JotikaT2
Employee Tax Expert

Email says amend return for UC tax break, online says wait for irs to process. Should I wait or just amend, how long to I have to amend?

If you have unemployment on your federal return, you do not need to amend your federal return.  The IRS will be processing refunds accordingly and will start issuing payments in May.

 

IRS refunds on unemployment benefits

 

If you filed a state return, you may need to amend depending upon your state of residence.  Please see the link below for more details.

 

State updates to unemployment

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Email says amend return for UC tax break, online says wait for irs to process. Should I wait or just amend, how long to I have to amend?

You generally do not need to amend for Federal.

 

However, taxpayers would have to file an amended return if they did not originally claim the EITC or other credits, but now are eligible because the [unemployment comp] exclusion changed their income.  These taxpayers may want to review their state tax returns as well.

IRS to recalculate taxes on unemployment benefits; refunds to start in May | Internal Revenue Servic...

DawnC
Expert Alumni

Email says amend return for UC tax break, online says wait for irs to process. Should I wait or just amend, how long to I have to amend?

You have 3 years from the date you filed to file an amendment, so it is better to wait and see if you really need to file it or not.  Chances are high that you do not need to file the amendment.    

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