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Level 1
posted Apr 4, 2021 1:41:58 AM

Over paid

I over paid the IRS by $1768.  I received unemployment but did not have the taxes taken out.  The beginning of March I paid $1926 to the IRS.  The new economic stimulus bill made the unemployment income nontaxable. Instead I should have paid $158.  How do I recover my over payment?  The IRS has issued a statement saying not to file an amended return.  https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

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1 Best answer
Level 15
Apr 4, 2021 5:28:10 AM

Here is why you do NOT amend your return for unemployment:

Please read this very recent news from the IRS:

 

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

1 Replies
Level 15
Apr 4, 2021 5:28:10 AM

Here is why you do NOT amend your return for unemployment:

Please read this very recent news from the IRS:

 

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