Filing for 2022 but..

Forum|Forum|4 years ago
February 23, 2022
5 replies
17 views

Sorry if it is in the wrong area.

I am in the process of using turbo tax to file my 2021 taxes but I over paid for my unemployment insurance for 2020... I have the corrected adjustment tax document from the DOL. How would I do ... input that?

MayaD

Alumni - Intuit

Can you please clarify your question?

You were overpaid unemployment benefits for 2020? Or you overpaid taxes on unemployment benefits received in 2020?

Did you file your 2020 return?

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einstini15Author

Level 2

I got 15k in unemployment but had to pay back 4200. The DOL sent a form that shows i got 4200 credit.

JamesG1

Level 15

If you received unemployment benefits in 2020 and paid a portion back in 2021, you qualify for a claim of right repayment.

A claim of right repayment occurs when a taxpayer is required to repay income that they had reported and paid tax on in a previous tax year. The repayment must be of funds that, when received, the taxpayer had a reasonable belief he or she had unrestricted access to.

If you have an amount of $3,000 or less, follow these steps.

Go to Federal / Deductions & Credits / Your tax breaks / Other Deductions and Credits / Other Deductible Expenses.
Click Start / Revisit to the right.
At the screen Did you have any of these less common expenses? select Repayments of $3,000 or less.

If you have an amount of $3,000 or more, your repayment will qualify for a credit. You will need to use TurboTax Desktop and transfer your online data to the desktop program first. KristinaK here has an excellent point by point description of using TurboTax Desktop to compute a credit for a repayment greater than $3,000.

[Edited 02/23/2022 2:25 PM PST]

@einstini15

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