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If i recieved unemployment but filed and recieved my taxes before the made so much of it taxable do i need to amemd taxes or will it automatically be adjusted and sent

 
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HelenC12
Expert Alumni

If i recieved unemployment but filed and recieved my taxes before the made so much of it taxable do i need to amemd taxes or will it automatically be adjusted and sent

No, don't amend your federal income tax return. Per IRS: If you filed a federal tax return, the IRS will refigure your taxes using the excluded unemployment compensation amount and adjust your account accordingly. The IRS will send any refund amount directly to you.

  • The automatic refund will mean that many recipients of unemployment benefits who have already filed their returns for 2020 won’t have to take extra steps to reclaim the taxes they paid but no longer owe -- on as much as $10,200 of jobless benefits, for households with annual incomes less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020.  

However, you may need to amend your state income tax return. See Do I need to amend my state return to update my unemployment?

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