Yes, with some conditions. Unemployment is taxable and it should be included on your tax return, but there is a twist here. Congress has authorized that the first $10,200 of unemployment is not taxable.
You should have received a 1099-g for the unemployment that you got. If its less than $10,200 you should wait. The IRS will issue guidance about what to do if you already filed. Making part of your unemployment tax-free would increase your refund or reduce your tax. Wait until the IRS has issued the instructions before you do anything.
If it is more than $10,200 you should amend your return
You can correct a return that you've already filed and had accepted. Select the year that applies and use this guide to proceed.
Select your tax year for amending instructions: 2020
For additional information please refer to How to Amend
The 1040X (Amended Return) tax form for 2020 is scheduled to be available 03/25/2021.
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