To Pay or Not to Pay?

[ScooterB1]

I filed my taxes prior to the enactment of the American Rescue Plan in late March. Under the original tax rules I owed $1500 to the Federal Government which I scheduled for withdrawal  on 4/15.  Upon passage of the ARP I realize that I should have a $10,200 income reduction from unemployment benefits that are now not taxable income. I believe that amount would either eliminate or greatly reduce the $ I owe. The IRS advise issued in late March indicated that we should hold tight and NOT file an amended return. Given the extended filing date I cancelled my 4/15 auto payment in the hopes I would have some clarity on what I owe or not by the new filing date in May, but so far nothing. Not sure if I should pay, and await a refund. Or hang tight and await a refund or new payment owed amount? Not sure how much I am risking in terms of late fees etc. Would welcome any thoughts on best next steps.

[fanfare]

IRS says:

"Penalties and interest may apply to money you owe after the due date."

Your tax return now after TurboTax updates will show you the amount you owe.

[ScooterB1]

Thanks, but the amount owed has not changed in Turbotax since I filed in March, and that doesn't seem possible if over 10k is coming off my AGI....

I hate the idea of paying $1500 to the IRS that I don't actually owe, and then having to wait for them to get around to paying me back.

Scott