DMarkM1
Expert Alumni

After you file

Current IRS guidelines state that taxpayers should not amend returns for 1099G Unemployment Income (UI) entries.  If your adjusted gross income is $150,000 or less and your unemployment benefits paid in 2020 is $10,200 or less then you will not need to amend your federal return to add that information.  Up to 10.200 of UI is excluded from federal taxes.

 

Furthermore, the IRS is reviewing returns affected by the Unemployment benefit exclusion and making the necessary corrections.  

 

You should wait for your return to be processed.  

 

Be advised, however, that some states have not yet conformed to the new federal tax exclusion for UI.  Once your federal return is processed you may need to amend your state return to include the income for state tax purposes.  TurboTax will guide you in that process if you need.  

 

Here is a link with information on state conformity.  Scroll down to the Unemployment exclusion section to find the status of your state.

 

 

 

  

 

 

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