@koala4u The IRS said it will automatically process refunds for taxpayers who have already file their tax returns without the exclusion for the first $10,2000 of unemployment. You don't need to file an amended tax return.
The IRS has not said when those refunds will be given out.
If your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020, which means you don’t have to pay tax on unemployment compensation of up to $10,200.
If you are married, each spouse receiving unemployment compensation doesn’t have to pay tax on unemployment compensation of up to $10,200. Amounts over $10,200 for each individual are still taxable. If your modified AGI is $150,000 or more, you can’t exclude any unemployment compensation.
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