I can't give you a deposit date. The IRS has not yet announced when it plans on doing the unemployment compensation adjustment.
This is the information from the IRS:
- The first $10,200 of unemployment payments are now tax-free for households with an annual income under $150,000.
- 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.
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