The IRS will adjust your tax return and remove the unemployment compensation, excluding up to $10,200 of the reported compensation. If this reduces your 2020 AGI below $150,000 the IRS will calculate a tax refund.
The IRS has started sending refunds for the exclusion starting in May and will continue throughout the summer months.
Go to these IRS websites for information -
https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs-topic-a-eligibility
https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...
https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-pa...
