Does anyone know about the extra unemployment tax break? I've heard nothing about it since it was signed but I filed in Feb

[penguin0118]

They said the payments will start in May and I'm starting to doubt that I will get mine at this point.

[VolvoGirl]

If you have filed early before the exclusion, the IRS will recalculate your return for the new 10,200 unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.

Just keep waiting.  The IRS is sending them out in batches over the summer.

See IRS article May 14, 2021

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

And see,

https://www.irs.gov/newsroom/irs-sending-more-than-2-point-8-million-refunds-to-those-who-already-pa...

Do you need to amend your state return?

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

[penguin0118]

Thanks! although reading through more here I am pretty upset with turbotax, as I had contacted one of the Tax Experts, that I paid for, to ask how the deduction would effect my return specifically. I was told that they couldn't calculate that and I just had to wait and not file an amendment. 

However now it appears that the deduction would make me eligible for the EIC so I will have to file an amendment. I'm lucky I got impatient and read through the forums but that is extremely disappointing to get the exact wrong advice... Specifically I could've and would've filed that months ago, and further there was a real chance I would've never known because I was misinformed. -