topic 10,200 unemployment credit is coming and I already filed, received my federal money and paid my state money. What now ? in After you file

10,200 unemployment credit is coming and I already filed, received my federal money and paid my state money. What now ?

crazytrain67 — Thu, 11 Mar 2021 00:04:06 GMT

Re: 10,200 unemployment credit is coming and I already filed, received my federal money and paid my state money. What now ?

DoninGA — Thu, 11 Mar 2021 00:05:39 GMT

You will be able to amend the 2020 tax return once all the rules and regulations have been codified by the IRS.

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.

Re: 10,200 unemployment credit is coming and I already filed, received my federal money and paid my state money. What now ?

xmasbaby0 — Thu, 11 Mar 2021 00:05:41 GMT

The law has not even been signed yet. Please be patient until more is known about how it will be implemented.

It can take weeks to several months or more for the changes to be made to tax software. First the IRS has to change its forms. The tax software has to be changed; the IRS has to test and approve of the software. Do not expect changes in the software to happen quickly. TurboTax may have more information in the near future AFTER the bill is signed into law, and some more details emerge about how Congress and the IRS will implement the changes.

Re: 10,200 unemployment credit is coming and I already filed, received my federal money and paid my state money. What now ?

crazytrain67 — Thu, 11 Mar 2021 00:08:15 GMT

Ok Thanks.