I have already filed and received my taxes. Will I have to amend my unemployment w-2 since the first $10,200 is tax free?

deannatavon84 · ‎March 12, 2021

macuser_22 · ‎March 12, 2021

The $10,200 unemployment retroactive to 2020 was just signed into law. Now the IRS is responsible for writing regulations and rules for claiming it. Once the rules are written then if new forms will be needed the IRS must develop those. Then get the form specifications to software providers to develop their software. The IRS then must conduct tests with the software providers to be sure it is all comparable.

That process can take several weeks to several months. Do not look for anything soon.

(As a reference, the COVID CARES Act was passed in March of 2020 and the IRS released the forms to report it in February 2021 - 11 months later.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

SweetieJean · ‎March 12, 2021

Possibly, but the IRS has not yet issued a procedure for how to handle that (nor for any of the other provisions of the new tax law.)

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I have already filed and received my taxes. Will I have to amend my unemployment w-2 since the first $10,200 is tax free?