topic Taxes already filed in After you file

Taxes already filed

Steve p — Thu, 11 Mar 2021 21:26:00 GMT

It seems that with the new stimulus package there will be no tax taken out of unemployment up to 10,200 or 20,400 when filing jointly and both received UE Benefits. Will I have to file an amended return or is this something the IRS will fix on their end. Considering the IRS is already late with refunds I just wanted to see how much more this will have an effect on my return

Re: Taxes already filed

DoninGA — Thu, 11 Mar 2021 21:26:45 GMT

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.

See this TurboTax support FAQ for information on the American Rescue Plan - https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

Re: Taxes already filed

Steve p — Thu, 11 Mar 2021 23:42:17 GMT

thanks for the reply, that clears it up for me. while we are on the subject does anyone know why its taking so long to get our refunds this year.