@bluetopaz89 wrote:
Thank you for the info I did forget to tell you that I did owe both federal and state taxes. Because of the unemployment MJF is my filing status with no dependents So I need to wait until I hear from either the IRS or Turbo Tax to get the information and go from there? I do know the filing date date has extended until May 17th
Thank you again
Daniel
Hopefully you will hear from the IRS before May 17.
This is a new statement just issued by the IRS on 03/23 -
If you have already filed your 2020 Form 1040 or 1040-SR, there is no need to file an amended return (Form 1040-X) to figure the amount of unemployment compensation to exclude. The IRS will refigure your taxes using the excluded unemployment compensation amount and adjust your account accordingly. The IRS will send any refund amount directly to you.
https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation
