Skip to main content
Level 1
March 28, 2021
Question

Relief bill affect on a refund I've already received

  • March 28, 2021
  • 1 reply
  • 0 views

The Covid Relief bill changed the child credit and unemployment taxation, both of which greatly affect my refund.  Problem is, I filed in February and now am due over a thousand more dollars.  Must I amend as if I did something wrong?  or did the IRS incorporate a simple solution for fixing this mid-procedure change?

    1 reply

    Level 15
    March 28, 2021

    If you already filed then wait for the IRS to adjust your refund for the unemployment you paid tax on.  They do not want you to amend for that.   And there is no reason to amend for the child tax credit increase.  That increase is not for your 2020 tax return.  It goes into effect for 2021.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    Alumni - Champ
    March 28, 2021