No, If you already filed and didn't get the 10,200 unemployment exclusion you do not need to amend. The IRS will be adjusting it for you. See,
If you had a tax due on the original return and haven't paid yet you don't have to pay it. Wait for the IRS to send you the new refund or a new bill.
Let the IRS adjust your return, if your income will be below $150,000. The IRS will adjust if a credit is already on the return.
If not, you would need to amend for credit. Only amend if the credit is not on your return and should be - after the IRS is done.
Earned Income Credit eligibility:
The greater of AGI or earned income must be less than:
- $15,820 ($21,710 for MFJ) with no qualifying children,
- $41,756 ($47,646 for MFJ) with one qualifying child,
- $47,440 ($53,330 for MFJ) with two qualifying children, or•$50,954 ($56,844 for MFJ) with three or more qualifying children.
Child Tax Credit
- You can visit the IRS interactive tool for Child Tax Credit
- visit IRS Pub 972 Child Tax Credit -page 4 for income details.
Education credit, retirement savings and more!
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