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Level 2
posted Apr 16, 2021 11:55:39 AM

Should I pay taxes due knowing they will be reduced?

I have already filed my taxes, which disclosed that I owe $655.  However, shortly after that the law changed allowing a $10, 400 reduction in unemployment costs.  Should I  pay the $655 or wait until the IRS adjusts my return?

0 2 224
2 Replies
Level 15
Apr 16, 2021 11:59:27 AM

here's what a TurboTax Employee Tax Expert posted

https://ttlc.intuit.com/community/after-you-file/discussion/new-law-about-unemployment-changes-me-from-paying-to-receiving-a-refund-it-will-not-let-me-amend-my/01/2207371#M561381 

 

Level 15
Apr 16, 2021 5:22:13 PM

@wjrobertson 

your return will be processed as filed.

You should pay the amount you owe as shown on your tax return.