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Just got a letter saying I owe a balance based on the revised unemployment tax refund under the American Rescue Plan - why?
I claimed $12,600 in unemployment benefits on my 2020 taxes and I just got a letter from the state of california tax board saying I owe a balance after the revised return. How can that be possible?
It says based on the amount that they could verify with the EDD. If I already paid taxes on $12,600 how could I owe a balance with them taking away over 10K of it as taxable?
It says based on the amount that they could verify with the EDD. If I already paid taxes on $12,600 how could I owe a balance with them taking away over 10K of it as taxable?
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‎July 20, 2021
5:27 PM