You will not need to amend your return to receive the reduced tax payment due to not paying income tax on the first $10,600 of unemployment benefits. The IRS has announced that it will be making those adjustments automatically and asked that we not file an amend for it.
We do not yet have guidance on how New York state will handle the reduced income taxes, but expect that they will follow the same procedure as federal.
For people filing their TurboTax returns now, the $10,200 exclusion is built into the program. The IRS plans to start issuing refunds in May for people who have already filed and paid.
