turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I submitted my taxes and owe money. I setup a payment plan on the IRS site. Being unemployed, with the $10,200 untaxed, what should I do?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM125
Expert Alumni

I submitted my taxes and owe money. I setup a payment plan on the IRS site. Being unemployed, with the $10,200 untaxed, what should I do?

If you filed your tax return before the $10,200 exclusion for unemployment income took affect, you should continue your payment plan so that it doesn't get cancelled for non-payment. Once you get your refund for the tax on your unemployment income, any overpayment on your payment plan will be refunded to you.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question