As of March 6, 2021, do we have to file amended tax return on the 10200 unemployment exemption? Also do we need to amend states too?

Hi there, as of March 6, 2021, will we need to file an amended federal tax return if the 10200 dollar unemployment exemption becomes law? Or maybe the IRS could automatically calculate the amount on our behalf and issue us a refund?

Also, if we are required to file an amended federal return, will the 10200 unemployment exemption affect my AGI? Will it also affect my state taxes, in turn forcing me to amend my state tax return too?

140

Level 15

Mar 6, 2021 11:16:55 PM

good questions but it has not yet become law. if it does the IRS will issue guidelines for what to do.

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As of March 6, 2021, do we have to file amended tax return on the 10200 unemployment exemption? Also do we need to amend states too?