2215177
You'll need to sign in or create an account to connect with an expert.
here's what a TurboTax expert says
If you are referring to the changes with unemployment then you do not need to file an amended return unless the calculations make you newly eligible for additional federal credits and deductions not already included on the original tax return. Please see IRS to recalculate taxes on unemployment benefits; refunds to start in May for details.
If your modified adjusted gross income (MAGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.
If you need to cancel a payment then call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
shuli05131999
New Member
tjmaslyn
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
rodiy2k21
Returning Member
velscricket2
New Member
user17524270358
New Member