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Good News for those who received unemployment but already filed their return!

 

Here is a message that IRS put out today regarding those who received unemployment but have already filed their return:

 

If you have already filed your 2020 Form 1040 or 1040-SR, there is no need to file an amended return (Form 1040-X) to figure the amount of unemployment compensation to exclude. The IRS will refigure your taxes using the excluded unemployment compensation amount and adjust your account accordingly. The IRS will send any refund amount directly to you.

 

For additional information, refer to the following link:

IRS - regarding unemployment changes for early filers