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After you file
The IRS will be adjusting tax returns with unemployment compensation entered to exclude up to $10,200 of the UC if the taxpayer is eligible for the exclusion. This process should start in May with the IRS sending refunds to taxpayers based on the excluded UC.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...
May 14, 2021
5:40 AM