topic The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back? in After you file

The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

chrisferr03 — Sun, 07 Mar 2021 07:52:43 GMT

Re: The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

xmasbaby0 — Sun, 07 Mar 2021 13:33:23 GMT

That tax law has not yet been signed into law by the President. When that happens then the IRS will need to change the tax forms, the programmers have to change the software, and then the IRS has to approve of their software. That will take time---we do not know yet when all of those changes will be accomplished. As soon as more is known, TurboTax will provide information.

Re: The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

Riomystic1 — Mon, 08 Mar 2021 23:11:59 GMT

thank you How will TurboTax inform us when they are ready

Re: The Senate passed a forgiveness of $10,000 on taxes by people on unemployment in 2020. I already filed my taxes and owed $1800. How do I go about getting that money back?

xmasbaby0 — Mon, 08 Mar 2021 23:18:51 GMT

You will need to check in with TT from time to time for information. This is not even signed into law yet and we have users thinking the change can be accomplished with a couple of mouse clicks. The IRS will be changing forms, the programmers will be revising software, the revised software then has to be approved by the IRS......it could take weeks or even months. We just do not know yet.