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How long should it take for the IRS to go through the unemployment tax breaks?
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How long should it take for the IRS to go through the unemployment tax breaks?
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.
Please read this very recent news from the IRS:
https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs
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How long should it take for the IRS to go through the unemployment tax breaks?
The IRS said that they expect the process of issuing refunds for the unemployment exclusion to continue through the summer. Summer ends September 22. Of course, that was just an estimate. It could end up taking longer than they expected.
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