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New Member
posted Mar 25, 2021 11:05:28 AM

Since the IRS is issuing what you paid in taxes on unemployment back, is there a way to track and find out what you are now getting back?

I know the IRS said they will automatically issue returns for unemployment if you already filed your taxes but haven’t seen if there was a way to track and find out how much you are getting back.

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1 Replies
Expert Alumni
Mar 25, 2021 11:43:36 AM

This would be an additional tax refund, and it would have to be recalculated based on your tax return.

 

If your good at math you can try to follow this.

 

  • Line 15 is taxable income
  • Subtract the lesser of 
    • The amount you got from Unemployment, or
    • $10,200
  • This will give you your new taxable income.
  • Based on your filing status (single, married etc.) 
  • Lookup your tax in the tax table
  • 2020 Instruction 1040 TAX AND EARNED INCOME CREDIT TABLES (irs.gov)
  • This should be less than line 16
  • line 16 minus the number you calculated equals what you should get back.