Re: Do I need to file an amended tax return because of the 10K income exclusion for 2020? What section do I use to do this? And where does the deduction? go?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Do I need to file an amended tax return because of the 10K income exclusion for 2020? What section do I use to do this? And where does the deduction? go?
We got a notice about "non taxable" income for the first 10,000 of income in 2020. How do I know if we need to amend? Where do I enter this on the forms?
Do I need to file an amended tax return because of the 10K income exclusion for 2020? What section do I use to do this? And where does the deduction? go?
If you have filed early before the exclusion, the IRS will recalculate your return for the new 10,200 unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.
Just keep waiting. The IRS is sending them out in batches over the summer.