AnnetteB6
Expert Alumni

Deductions & credits

Yes, the repayment will be handled on Schedule A for your 2021 return.  

 

To follow-up on your original question, you mentioned that you paid $3000 in taxes on the unemployment compensation.  If you were referring to $3000 of Federal and/or state withholdings that were taken from your unemployment payments, then that amount has already been taken into account on your Federal and/or state tax return for 2020.  The withholding amount is added to any other withholdings (such as from a W-2) and it is used to calculate your final refund/balance due amount on your 2020 return.  So, you could already be getting that money back as part of your tax return.

 

@s6skuzy

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