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Kirstan4
Level 2

Unemployment compensation

I was told to amend my taxes by a turbo tax employee after receiving an email stating I didn’t need to do anything to receive my unemployment compensation. But I’m wondering if I do amend them will it affect my advanced ctc I’m receiving now? 

6 Replies
Critter-3
Level 15

Unemployment compensation

Yes amending will stop the advance CTC while it takes 6 months or more to process.   If your ONLY thing that needed to change on the return was the unemployment then the IRS is doing that automatically for anyone eligible for more of a refund due to the exclusion ... they do NOT want amended returns for this item.

 

Not everyone will get more of a refund after the exclusion ... so you CAN  use the amendment program to see what the change will eventually be if any ... just do NOT file the 1040X. 

Kirstan4
Level 2

Unemployment compensation

Ok. & how do I do that? 

Critter-3
Level 15

Unemployment compensation

To see how to amend your taxes, click here: 

 

Steps to amend in TurboTax

 

How to file amendment

Kirstan4
Level 2

Unemployment compensation

I don’t wanna amend them but I wanna see if I’m getting a refund 

Critter-3
Level 15

Unemployment compensation

Yes ... use the amendment program to compute the change ... just do NOT mail or efile it. 

Kirstan4
Level 2

Unemployment compensation

Thank you 

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