@cjs56484 wrote:
Tell me about it! It's been exactly 3 weeks since Turbotax sent out a mass email alerting us about the unemployment money-back from the American Rescue Plan. Some of us need to make amended returns; not sure what the hold up is; especially when there is already a paper version from the IRS 1040X already available if we chose to go that route. I'd rather keep it internally within Turbotax as I filed here and want to amend and file electronically.
An update on the Turbotax site would be nice; agreed.
If you are referring to amending a return due to the unemployment exclusion, the IRS will be recalculating the taxes on a filed tax return for the exclusion and will be sending tax refunds starting in May if you are eligible. There is no need to amend the 2020 filed tax return for the exclusion.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...
