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If you filed your tax return with unemployment compensation entered and it was filed before the exclusion was effective, the IRS is calculating the tax refund for the exclusion which is a separate tax refund.
The IRS started sending refunds in May for those that were eligible based on the unemployment compensation exclusion. The IRS will continue sending refunds in batches for the next several months.
Go to these IRS websites for information -
https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs
Several million people have received the extra refund for unemployment; millions of others are waiting for the refund which will come sometime during the next several months.
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.
Please read this very recent news from the IRS:
https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs
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