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Unemployment refund too high??
We received a check from the USTreasury which we assume is the unemployment tax refund for 2020. The amount is way bigger than we thought…over $3000. There was no letter explaining and the irs website and phone system got me nowhere in trying to figure out how this refund was calculated. I’d love to know how we got this much back after owing over $1000 at tax time for the first time ever (overpayment of insurance credits). I’d assume a tax break on $10,200 would be a little over $1000, not triple that! I don’t want to have to pay back part of this check if we use it. I’m also not sure why we got a paper check when all returns, payment, and stimulus checks have been direct deposit.
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August 26, 2021
11:28 PM