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Level 1
posted Apr 29, 2021 6:52:44 AM

Filed my taxes before the new breaks on unemployment and I saw don't need to file a amendment I received a email from TurboTax that says I should file one which is it?

the email from turbotax came yesterday

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2 Replies
Level 15
Apr 29, 2021 6:58:13 AM

don't file for federal.  they don't want it since they will do the recalculation.  

here's a link to state-by-state guide

https://www.kiplinger.com/taxes/state-tax/602307/taxes-on-unemployment-benefits-a-state-by-state-guide 

Expert Alumni
Apr 29, 2021 7:10:07 AM

The IRS has asked that taxpayers not amend for the unemployment exclusion, unless the unemployment tax break makes them newly eligible for tax benefits like the earned income tax credit.

  • If you already filed your 2020 tax return, you do not need to do anything to get these additional unemployment benefits. The IRS announced that they will automatically adjust your return and send any additional refund amount directly to you. However, some people may now be newly eligible for additional deductions and credits not already included on the original tax return. In these cases, you will likely want to amend your return to claim these additional dollars. Additional information on this is below.

-follow this link for additional information-

Unemployment Stimulus: Am I Eligible for the New ...