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Get your taxes done using TurboTax
Hello Gcmbga
It can be alot to remember if you entered a tax document to be included on your tax return! You would have received a Form 1099G form the state that issued your unemployment compensation. The data from the Form 1099G would have been entered on to your tax return.
First, you'll want to review your return to confirm you included the unemployment compensation on your tax return. It would appear on your 2020 Schedule 1 Line 7. If it was included, you will want to confirm the exclusion if eligible is on your 2020 Schedule 1 Line 8.
If the unemployment compensation and exclusion are both included, great job!
If the unemployment compensation is included, and no exclusion, then you do not need to amend, the IRS is automatically adjusting the returns.
The IRS has said that payments will continue "throughout the summer," which means that unless we hear something else, payments could continue through September 22nd.
If you did not include the unemployment compensation on your tax return, then you would need to amend.
https://turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691...
I hope you find this helpful!
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