You'll need to sign in or create an account to connect with an expert.
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
No, you do not need to file an amended tax return for the unemployment compensation exclusion.
The IRS is calculating the tax refunds for the millions of taxpayers who filed a tax return with unemployment compensation and before the exclusion was available in the tax preparation software. The IRS has started issue tax refunds based on the exclusion for those that are eligible. This process will continue throughout the summer.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TANYAPINKY
New Member
ehouston1994
New Member
dimi1927
Level 3
MM1985
New Member
mrshankly01
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.