topic Re: Need help UI adjustment? in Deductions & credits

Need help UI adjustment?

mxiong2010 — Wed, 14 Jul 2021 19:20:35 GMT

Just received a refund from IRS, which may be from the UI 10,200 tax credit. However, I'm confused on the numbers. I was going to amend when the bill first passed, but waited since IRS say they will adjust it automatically. So, I ended up not submitting my amended form on turbotax. The confusing part now is that my total return on my amended form on turbotax is a different amount compared to the what IRS refunded me for the adjustment. If I submit my amended form on turbotax, my refund amount is more than what IRS had refund me. What do I do? Now I'm regretting my decision and should've submitted my amended form instead of having them automatically adjust it...

Re: Need help UI adjustment?

Hal_Al — Thu, 15 Jul 2021 15:40:40 GMT

I assume "Just received a refund from IRS" means a 2nd refund has shown up in your bank account (or a check in the mail). The IRS will be sending a letter explaining, in detail, what the changes were. It's not clear how long that will take.

Do not regret not amending. That woulda been a bigger headache.

Re: Need help UI adjustment?

Critter-3 — Thu, 15 Jul 2021 16:03:48 GMT

If you have qualifying child/children for the CTC then the IRS just sent out the first advance CTC payment so maybe that is what you just got.

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021