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Stimulus made it so 10k unemployment is tax free, I already filed taxes. What should I do now at this point, could use that money.
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March 19, 2021
9:32 AM
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After you file
Nothing, as the IRS has announced that it will adjust for this automatically. State treatment is still unknown, though.
March 19, 2021
9:34 AM
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After you file
If you already filed - do not amend. See this:
https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve...
Also see:
https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 19, 2021
9:36 AM