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I paid taxes on unemployment and am wondering why transcripts do not show a credit for it...Looks like I am not receiving the 10,200 deduction for some reason? ?

 
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I paid taxes on unemployment and am wondering why transcripts do not show a credit for it...Looks like I am not receiving the 10,200 deduction for some reason? ?

The transcripts for the filed 2020 tax return will only show the taxes paid, not the exclusion amount if you filed before the exclusion was available on a tax return.

 

Go to this IRS website for unemployment compensation exclusion refund information - https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

 

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