drc845443
Employee Tax Expert

Deductions & credits

According to the IRS, "Unless you're entitled to a new credit or additional deductions ...., there's no need to file an amended return (Form 1040-X) to report the amount of unemployment compensation to exclude. The IRS will perform the corrections starting in late May and continue throughout the summer and into the fall."  Please refer to the link below where the IRS answers frequently asked questions.

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs-topic-d-amended-return-fo...

 

The IRS has experienced delays with processing refunds this year, but I would also recommend that contact Turbo Tax support for them to assess if you are (i) due any additional refunds, and (ii) do need to amend your tax return. 

 

If you are due a refund and do not need to amend, then you may have to just wait for the IRS to get caught up.

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