turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Im amending my taxes because odf unemployment reduction it says i need to fix PIT-X DATE BUT I CANT FIGURE OUT WHAT DATE TO PU ON IT

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DavidD66
Expert Alumni

Im amending my taxes because odf unemployment reduction it says i need to fix PIT-X DATE BUT I CANT FIGURE OUT WHAT DATE TO PU ON IT

Do not file an amended return for the exemption of unemployment benefits.  The IRS will automatically refund money to eligible people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan. These refunds are expected to begin in May and continue into the summer.

 

For taxpayers who already have filed and figured their 2020 tax based on the full amount of unemployment compensation, the IRS will determine the correct taxable amount of unemployment compensation. Any resulting overpayment of tax will be either refunded or applied to other taxes owed.

The agency will do these recalculations in two phases.

  • First, taxpayers who are eligible to exclude up to $10,200.
     
  • Second, those married filing jointly who are eligible to exclude up to $20,400, and others with more complex returns.

Taxpayers only need to file an amended return if the recalculations make them newly eligible for additional federal tax credits or deductions not already included on their original tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question