in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
2218208
I just received a notice from the IRS that I owe $785.26 because there was an error in the calculations of my 2020 tax return which you did please call me at [phone number removed] that income that they tax me on is the unemployment income that I received last year why am I getting this notice now
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To contact TurboTax, here is the phone number: (800) 446 - 8848. For more information about ways to contact TurboTax, see: What is the TurboTax phone number?
The rules for the taxation of unemployment compensation changed March 11, 2021, excluding the first $10,200 of unemployment compensation. The IRS urged taxpayers who had already filed to not file an amended return. They stated that they would automatically recalculate the tax. See: New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service
Please be certain to check the tax year in the upper right corner and read their explanation carefully. Only correspond with the IRS or TurboTax.
I recommend creating or logging in to your account for a more detailed explanation here: IRS View Your Tax Account.
Only the IRS could tell you. The notice should tell you what they changed.
"Calculation error" does not mean the calculations were wrong, just aht they changed something that makes it calculate differently. The letter should have a number to call for more information or how to dispute it.
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