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New Member
posted May 17, 2021 8:21:58 AM

how do i amend my 2020 taxes since unemployment payments are now not taxable?

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2 Replies
Level 15
May 17, 2021 8:23:43 AM

You do not need to amend your 2020 tax return due to the unemployment compensation exclusion.  The IRS will start sending tax refunds in May based on the exclusion.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-exclusion-periodic-payments-to-be-made-may-through-summer

New Member
May 18, 2021 9:18:14 AM

What amount should I expect from IRS from overpayment due to unemployment benefits?