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Owed tax 2020

I filed tax jointly with hubby and we owed tax (in February before unemployment 20400 waived for couple ). IRS website said do not amended your tax they are going to do it in May. My turbo tax account shows refunded amount. So I am confused because I still owing the tax money now but I'm supposed to get a refund actually after the amended. Should I pay now? I don't want to get the penalty/interest after May 17th. Hope to find answer here. Thanks

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2 Replies

Owed tax 2020

If after the change you do not owe any longer then DO NOT  make a payment now.  When the IRS  corrects the return they will come to the same conclusion and send the corrected refund.  Be patient while the IRS does it's job.  

AmyC
Expert Alumni

Owed tax 2020

The IRS only charges penalties when there is an amount due. Since you will be getting a refund, there will be no penalties. Just wait patiently. The IRS is going to amend the single unemployment returns before doing the couples where both had unemployment so you are at the back of the pack.

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