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The bill makes the first $10,200 of federal unemployment income ($20,400 for married filing jointly) tax-free for households with income less than $150,000. The legislation excludes only 2020 federal unemployment benefits from taxes, not unemployment income received in 2021.
When will I get my additional unemployment refund from the IRS?
According to the IRS, they will send payments in two phases:
-follow this link for additional information-
Unemployment Stimulus: Am I Eligible for the New ...
To amend a return
Some quick ground rules:
You can correct a return that you've already filed and had accepted. Select the year that applies and use this guide to proceed.
Select your tax year for amending instructions:
For additional information please refer to How to Amend
Unemployment compensation has nothing to do with those deductions.
In any case, if you failed to take them for whatever reason, file an amended tax return for that.
Wait until you know what the IRS did to your tax return because of unemployment.
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