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dianetavegia
Returning Member

Unemployment credit AFTER paying $1,080 on taxes due in 2020

My husband and I earned approx. $69,000 prior to deductions and paid $1,080 on our taxes when we filed in February 2020.  We both earned more than $10,200 in unemployment.  TurboTax shows a refund of $1,360 due on our 2020 taxes but since we cannot view the amended files, we don't know if we will also be refunded the $1,080 we paid.  
Married filing jointly.  No children at home.  No unpaid taxes or child support, etc. 
IRS.gov shows no changes on our account records as of today. 

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2 Replies

Unemployment credit AFTER paying $1,080 on taxes due in 2020

Be patient.   You filed before Congress changed the tax law, and now the IRS has to recalculate millions of returns for folks like you.

 

 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...

 

 

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-m...

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/am-i-eligible-for-a-new-credit-or-...

 

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-unemploym...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
dianetavegia
Returning Member

Unemployment credit AFTER paying $1,080 on taxes due in 2020

Turbotax has re figured my taxes but I cannot view the new form.  My question was regarding the payment I made of $1080 and the $1360 refund due that pops up when I click on 'Amend my taxes'. 

 

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