Skip to main content
Level 1
March 16, 2021
Question

With the unemployment not being taxed up to 10,200. Do you get back what you payed into federal for unemployment (already did taxes)? do you get your state back to?

  • March 16, 2021
  • 2 replies
  • 19 views
No text available

2 replies

Level 15
March 16, 2021

 

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

 

You are among millions who have now been affected by a mid-tax season change in the tax law.  Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

  If you have not e-filed yet—-wait.   And if you already e-filed and want to amend for this—WAIT.

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

 

 

Please read this very recent news from the IRS:

 

https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Alumni - Champ
March 16, 2021

That is all still being worked out, and some States have not yet decided what to do.  See this from the IRS:

IRS Statement - American Rescue Plan Act of 2021 | Internal Revenue Service

 

and this, although the title is a bit of a misnomer, and should say "YET" [in my view] at the end:

Unemployment tax break: IRS says not to file amended return (cnbc.com)