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Mewgoesthecat
Returning Member

Will I get a refund after paying in to taxes because of Unemployment

Before the tax deadline changed I filed my taxes. I owed in 1300$ because of my unemployment benefits I got during pandemic. I scheduled the date to pay these taxes at the last possible date, April 15. 

 

Then congress passed the bill to ignore 10,200$ of unemployment and to extend the tax deadline. 

 

I've paid in already. Will I be getting my money back and my refund automatically. How do I pursue getting my money I overpaid into taxes???

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1 Reply
DanaB27
Expert Alumni

Will I get a refund after paying in to taxes because of Unemployment

Yes, the IRS will recalculate your return and issue you a refund. You do not need to file an amended return unless the calculations make you newly eligible for additional federal credits and deductions not already included on the original tax return.

 

Please see IRS to recalculate taxes on unemployment benefits; refunds to start in May for details.

 

 

If your modified adjusted gross income (MAGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.

 

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