I already received my refund them the amount changed due to the extra credit for unemployment. When will I get the extra money?

[LenaH]

You will have to amend your return to get a refund of tax paid. Once the IRS provides additional guidance, TurboTax will be updated to reflect these new tax laws relating to unemployment. 

As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments are now tax-free for a person with an annual modified adjusted gross income of less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020. 

If you would like to receive progress status updates, please sign up here. 

IRS Form 1040-X (amend your return) will be ready on March 25, 2021. Sign up for email notification and we'll let you know when the most current form is available.

[kevinlutz69]

I have received my refund on a filing of FEB 15, 2020 then the taxes changed for unemployment relief . Can I amend my return and send it in electronically using Turbo Tax. The update was downloaded today and my refund increased?

Kevin

[fanfare]

IRS says:

Don't do that. Wait for IRS to figure out how to get the refund to you.

Otherwise they would be swamped with millions more amended returns

[kevinlutz69]

Thanks for the advice. I will wait for the goby to see how they will handle this.

Kevin Lutz