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ruger0302
New Member

Explain the unemployment $10,200

How do I know if I am know eligible for earned income credit or anything else with the new $10,200 unemployment tax? I already did and received my taxes, should I amend it or trust the IRS
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3 Replies

Explain the unemployment $10,200

you'll qualify if your modified adjusted gross income is under $150K. do not file an amended return. this could actually delay your refund. 

ruger0302
New Member

Explain the unemployment $10,200

Should I assume I'm not eligible for earned income credit?  When I subtract schedule 1 line 8 with my original AGI  I get $8,725.  When I use the $10,200 because it's way lower I get $26,325.  I'm thinking I didn't do this right. It's a difference of $17,600. How much should I be getting back now? Does this seem like a large difference?

Explain the unemployment $10,200

WAIT for the adjusted refund from IRS.

Then compare that with the difference shown on your tax return now (without playing around with it)  after the software update versus your original.

If they are the same, you don't have to amend.

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