Hello,
We received a letter stating the changes made to our 2020 tax return due to the first $10k of unemployment not being taxable on or about August 9, 2021.
It says our account balance before the change was $2028 and our account balance after the change is $0. The problem is, we paid that $2028 to the IRS, so technically we overpaid by $2028 for the 2020 tax year. I understand they are sending refunds, but we have an installment agreement for previous years.
My question is, will they apply this adjustment to the previous years, or will they send a refund?
Thank you!
