@aldo56 wrote:
I just efiled my taxes last week and now that the stimulus bill has passed what do I need to do because I paid full taxes on my unemployment for 2020 I see in the bill up to 10,200 will be forgiven which would therefore increase my refund What do I do now???
You will be able to file an amended tax return for the unemployment exclusion, but not right now.
After the legislation has passed Congress and after the President has signed the legislation and after the IRS has written the rules, regulations and procedures. And after the IRS has changed any forms or schedules to accept the tax code changes. And after the IRS has approved the changes in the TurboTax program that apply to the tax code changes, then it will be available for the users of the tax preparation software.
This can take anywhere from several weeks to several months before it becomes available.
