JotikaT2
Employee Tax Expert

After you file

Most likely not.  Unless amending your return generates any credits you were not entitled to before, you would not need to amend the federal return.

 

The IRS has just started issuing refunds related to the unemployment income.

 

Please see the link below to get more information as it relates to your account.

 

Get My Payment

 

@jfear

 

The change is due to other changes that was enacted as part of the American Rescue Plan.  In your case, the Excess Advanced Premium Tax Credit is no longer required to be paid back.  Therefore, your return online is lower to reflect this change that occurred during the tax filing season.  Please see the link below for additional information.  At this point in time, the IRS is asking taxpayers not to amend their returns as they are taking steps to reimburse taxpayers accordingly.

 

IRS information regarding Premium Tax Credit

 

Reconciling premium tax credit

 

@fctmaghoul

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