It depends. Did you have an amount for the Recovery Rebate Credit on Line 30 of your original 1040 return?
If so, you should not need to amend for the extra credit now due. Per the IRS, If you entered an amount on line 30 but made a mistake in calculating the amount, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.
The only instance in which the IRS recommends you to amend is if there is no amount on Line 30 of your 1040 and you did not claim a Recovery Rebate Credit on your original return. The IRS will not calculate the 2020 Recovery Rebate Credit for you if you did not enter any amount on your original tax return.
You will not need to amend for the unemployment exclusion. An adjustment will be calculated and your refund will be issued to you automatically.
2020 Recovery Rebate Credit — Topic G: Correcting issues after the 2020 tax return is filed
How do I amend my 2020 return?
@32BD4
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