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Returning Member
posted Aug 12, 2021 10:07:46 AM

Ammend my State Tax return for unemployment

How do I ammend my SC State tax return for the unemployment credit 

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3 Replies
Level 7
Aug 12, 2021 4:04:40 PM

Backup and print your original return before any amend.

You will amend the unemployment amount by removing the first $10,600 in your federal return.  Then finish the amend, print the SC return, sign it, and mail it to the address on the form.

Level 15
Aug 12, 2021 4:16:52 PM

 

@harbinfam7 First----tell us when you filed your original tax return.   Did you file your return before the tax law changed?   You do not have to amend your federal return for unemployment. since the IRS is issuing extra refunds to people who filed before the law changed.   You *might* need to amend your state return---but we need to know when you filed.  

 

 

The IRS is not “amending” your tax return.   There is not a Form 1040X being prepared.  The IRS is recalculating refunds for people whose AGI is $150K or below and who filed before the tax law that changed the amount of unemployment that is taxable on a federal return became effective.   

 

 

The IRS began to send out the additional refund checks for tax withheld from unemployment in May.  The refunds are being sent out in batches—starting with the simplest returns first.   If you are eligible for the extra refund for federal tax that was withheld from your unemployment the IRS will be sending you an additional refund sometime during the next several months.  TurboTax cannot track or predict when it will be sent.  The IRS has not provided a way for you to track it, so all you can do is wait for the refund to arrive.

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

 

 

Please read this very recent news from the IRS:

 

https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-may

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-exclusion-periodic-payments-to-be-made-may-through-summer

 

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/am-i-eligible-for-a-new-credit-or-deduction-because-of-the-unemployment-income-exclusion/01/2211778

 

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

 

 

 

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation

 

https://www.kiplinger.com/taxes/602542/irs-sending-more-unemployment-tax-refund-checks-in-june?rid=EML-today&rmrecid=1883531033&utm_campaign=20210611-today&utm_medium=email&utm_source=today

 

 

 

https://www.cnet.com/personal-finance/taxes/more-unemployment-tax-refunds-are-arriving-but-when-heres-what-we-know/

 

 

 

DO I NEED TO AMEND MY STATE RETURN FOR UNEMPLOYMENT?

 

 

You *might* need to amend your state return for unemployment that was taxed by your state.

 

 

https://ttlc.intuit.com/community/state-taxes/help/do-i-need-to-amend-my-state-return/00/2134732

 

https://www.kiplinger.com/taxes/state-tax/602307/taxes-on-unemployment-benefits-a-state-by-state-guide

Level 15
Aug 12, 2021 4:17:47 PM