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andrewarteaga
New Member

When can i amend the 202 tax return?

 
3 Replies
SweetieJean
Level 15

When can i amend the 202 tax return?

You can now for Federal, but what is your reason for amending?

taxfla2003
New Member

When can i amend the 202 tax return?

i owe 1099 but now  because of covid tax changes i do not want to over pay due to unemloyment 

MayaD
Expert Alumni

When can i amend the 202 tax return?

Did you file your return?

If you already filed your return but you didn't report your 1099-G, you need to amend your return to add the form.

Wait until the IRS either accepts or rejects your return. 

If the IRS rejects the return you can claim the deduction in the Deductions and Credits section and re-submit your return. 

If the IRS accepts the return, wait until the return has been fully processed and then amend the return.

 

To amend your 2020 return:

1.Login to your account.

2.Scroll down to Your tax return & documents (you may need to select Show),

   select 2020 and then Amend (change) return.

3.Select Amend using TurboTax Online.

4 Follow the instructions. Don't worry if your refund changes to $0. This is normal on amended returns.

5.You can e-file your 2020 amended federal tax return, but most states require amendments to be printed and filed by mail.

 

The recently passed third stimulus relief package, known as the American Rescue Plan, expands federal unemployment benefits and provides tax free unemployment benefits.  

 

The bill makes the first $10,200 of federal unemployment income ($20,400 for married filing jointly) tax-free for households with income less than $150,000. The legislation excludes only 2020 federal unemployment benefits from taxes, not unemployment income received in 2021.

TurboTax is up to date with the new law and will guide you on how to claim these additional unemployment benefits on your tax return

For more information please check Unemployment Stimulus

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