I filed my taxes before the new unemployment tax credit came into effect. I understand the IRS will be figuring out how to refund the taxes you paid for the first $10,000 of what you received. I received $8,000 in unemployment benefits this year which put me $6,000 over the maximum you could earn for the EITC.
My question is, if the unemployment doesn't count as taxable income, does that now qualify me to receive the ETIC since it now puts me under the maximum earned to receive it? and if so, will I be refunded that money or do I need to wait to amend my return.
