Realized I did not include unemployment amount. Federal return was accepted. State has not yet. Can I amend return now or do I need to wait on State approval?

[hemi931]

the amount not added was from 1099-G form which my daughter received.

[MaryK4]

At tis moment. the IRS has not released information about excluding the $10,200 of unemployment income- you should not amend her federal return until the IRS provides the proper procedure.  Because this may impact her state return as well, you should wait until TurboTax has the final instructions.

[hemi931]

just curious, where did you get the amount of $10,200? Her 1099-G has an amount for $5,468.00. In any case, I should not worry about it at this time? Federal and State (Michigan) taxes were taken out. Thx

[npierson7]

Please don't amend your tax return yet, until the IRS release the guidance how to exclude the $10,200 from taxable income. You will probably need to amend anyway, since federal an state taxes were withheld form the unemployment compensation. 

[hemi931]

so hopefully final question. When do I know when the IRS determines a final guidance on this amount? 

[PattiF]

Here is a link to a blog with the latest on the American Rescue Plan.

And from the IRS:

[hemi931]

thx