Stimulus made it so 10k unemployment is tax free, ...
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tannertdb123
New Member

Stimulus made it so 10k unemployment is tax free, I already filed taxes. What should I do now at this point, could use that money.

 
2 Replies
SweetieJean
Level 15

Stimulus made it so 10k unemployment is tax free, I already filed taxes. What should I do now at this point, could use that money.

Nothing, as the IRS has announced that it will adjust for this automatically.  State treatment is still unknown, though.

The IRS is moving to issue refunds for Americans who paid taxes on $10,200 in unemployment benefits ...

macuser_22
Level 15

Stimulus made it so 10k unemployment is tax free, I already filed taxes. What should I do now at this point, could use that money.


If you already filed - do not amend. See this:
https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve...

Also see:
https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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