You'll need to sign in or create an account to connect with an expert.
The IRS will be handling the unemployment compensation exclusion and send a tax refund if you are eligible starting in May. There is no need for you to file an amended tax return for the exclusion.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...
ok. but I am figuring that this will go from a payment to a refund. should I go ahead and pay since this won't be resolved until May?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cwakeley
New Member
jangles2424
New Member
user17689616281
New Member
aaron
New Member
jnksnell
New Member