DanaB27
Employee Tax Expert

After you file

You do not need to amend your return for unemployment the IRS will make the adjustment. 

 

"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. "(IRS)

 

Please see IRS to recalculate taxes on unemployment benefits; refunds to start in May for additional information.

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