You will get a federal income tax refund for the unemployment exclusion if all of the following are true.
If all four of those conditions are true, The IRS will recalculate your tax return and send you the refund. It might be a couple of months before you 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
IRS continues unemployment compensation adjustments, prepares another 1.5 million refunds
Don’t amend. Eventually you will get your adjusted refund with interest.
You will get a federal income tax refund for the unemployment exclusion if all of the following are true.
If all four of those conditions are true, The IRS will recalculate your tax return and send you the refund. It might be a couple of months before you 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
IRS continues unemployment compensation adjustments, prepares another 1.5 million refunds
is there a way to calculate what I might back? the tax calculator is very confusing
If you PROMISE to save a PDF and a .taxfile of the original return for future use and safekeeping then you can use the amendment process to see what the return will look like after the IRS changes it for the unemployment exclusion. However if you then find a new credit was added that was not on the original return you will need redo the amendment and file/mail it AFTER you eventually get the corrected refund from the IRS. Do not jump the gun.
Has anyone received the refund after filing before the unemployment tax break went into effect? Turbotax continues to say don't amend for the refund, but it's been 10 months and no refund has been received. Thanks
Its been 2 years and I haven't received the adjusted refund. Now what do I do?
The IRS will be able to access your files and provide insight regarding the refund in question. For information on how to contact the IRS, please visit the help article below.
How do I contact the Internal Revenue Service (IRS)? - Intuit
The IRS recently announced that they have made all the corrections to the 2020 returns for the unemployment situation and that if you are still due a refund you must mail in an amended return.