After you file

The IRS is calculating the tax refunds for the unemployment compensation exclusion for those that are eligible.  The IRS is sending the refunds in batches throughout the summer months starting in May.  These refunds are separate from any federal tax refunds.  You do not need to amend your 2020 federal tax return.

Go to these IRS websites for information - 

 

https://www.irs.gov/newsroom/irs-continues-unemployment-compensation-adjustments-prepares-another-1-...

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs