Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

posted

Connect with an expert

2 Replies

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

based on preliminary IRS info you'll have to file an amended return to take a deduction for any excludable UC compensation. Your taxes should go down so you should get an additional refund. you'll have to wait until the IRS publishes the guidelines and then Turbotax must update its apps to conform.

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Do you work for TurboTax

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Do you have an Intuit account?

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Will we need to refile 2020 to take advantage of the new unemployment tax credits if we have already received our return? is it treated like a regular tax deduction?

Unlock tailored help options in your account.

Get more help

Related Content