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Level 2
posted Jul 13, 2021 11:39:21 AM

I filed super early this year and my return was processed on Feb 14, before the unemployment tax break. I'm not seeing anything on my transcript but my profile here has ?

A different Total on the app than what the total of my return is. Does this mean anything or is it a glitch??

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1 Replies
Level 15
Jul 13, 2021 11:57:24 AM

If you have filed early before the exclusion, the IRS will recalculate your return for the new 10,200 unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.

 

Just keep waiting.  The IRS is sending them out in batches over the summer.

See IRS article May 14, 2021

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

 

And see,

https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-paid-taxes-on-2020-unemployment-compensation

 

IRS March 31, 2021 Info

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