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gabrielle4611
New Member

Hey have anyone got the 10,000 dollars not taxed for enempolyment back yet?

 
2 Replies
Critter-3
Level 15

Hey have anyone got the 10,000 dollars not taxed for enempolyment back yet?

Some have reported yes however the IRS has millions of returns to recalculate and they expect it to take the rest of the summer to complete them all.  

xmasbaby0
Level 15

Hey have anyone got the 10,000 dollars not taxed for enempolyment back yet?

Hold on----you do not get back $10,000.    You may get back the amount of tax withheld on $10,200  --- please do not expect to get back $10K.

 

The IRS began to send out the additional refund checks for tax withheld from unemployment in May.  The refunds are being sent out in batches—starting with the simplest returns first.   If you are eligible for the extra refund for federal tax that was withheld from your unemployment the IRS will be sending you an additional refund sometime during the next several months.  TurboTax cannot track or predict when it will be sent.  The IRS has not provided a way for you to track it, so all you can do is wait for the refund to arrive.

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve...

 

 

Please read this very recent news from the IRS:

 

https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

 

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/am-i-eligible-for-a-new-credit-or-...

 

 

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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