@Twright wrote:
How do i claim this credit. I filed my taxes very quickly in the year and already received my payment long time ago so do i need to amend my return and is it the state or federal that pays this out. Also ive been unemployed and drawing unemployment i never received any payment on what i thought they said id not have to pay taxes on and i would be reimbursed for those as well
The Other Dependent tax credit would be included in the federal tax refund you have already received.
If you entered unemployment compensation on your 2020 tax return and filed before the exclusion was available then the IRS will be calculating your tax refund for the exclusion for those that are eligible.
The IRS started sending refunds in May and will continue the refunds in batches throughout the next several months.
Go to these IRS websites for information -
https://www.irs.gov/newsroom/irs-readies-nearly-4-million-refunds-for-unemployment-compensation-over...
https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...
https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs
