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The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

 
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The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

That tax law has not yet been signed into law by the President.   When that happens then the IRS will need to change the tax forms, the programmers have to change the software, and then the IRS has to approve of their software.   That will take time---we do not know yet when all of those changes will be accomplished.  As soon as more is known, TurboTax will provide information.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

thank you  How will TurboTax inform us when they are ready

The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

You will need to check in with TT from time to time for information.   This is not even signed into law yet and we have users thinking the change can be accomplished with a couple of mouse clicks.   The IRS will be changing forms, the programmers will be revising software, the revised software then has to be approved by the IRS......it could take weeks or even months.  We just do not know yet.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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