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Should I amend my 2020 tax return in order to get the unemployment tax break, the website yes, Turbo Tax says no. Which is it?

 
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rjs
Level 15
Level 15

Should I amend my 2020 tax return in order to get the unemployment tax break, the website yes, Turbo Tax says no. Which is it?

DO NOT amend your tax return for the $10,200 unemployment exclusion. The IRS is going to recalculate your tax return and send you the additional refund. It might take several months to get it. For details see the following IRS announcement.


IRS to recalculate taxes on unemployment benefits; refunds to start in May


What web site says that you should amend? Please post a link to where you see this.

 

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