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What type of tax overpayment are you referring to for tax year 2020? Taxes withheld, Tax Credits, unemployment compensation?
I was referring to Unemployment since I paid taxes on Unemployment benefits in 2020
Is there a way to know if you getting it??
@medow23 wrote:
I was referring to Unemployment since I paid taxes on Unemployment benefits in 2020
The IRS has stated - https://www.irs.gov/newsroom/irs-completes-automatic-corrections-of-tax-year-2020-accounts-related-t...
The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.
If a taxpayer is eligible for the unemployment compensation exclusion and their account was not corrected by the IRS, they may need to file an amended 2020 tax return to claim the exclusion and any applicable non-refundable or refundable credits impacted by the exclusion.
Taxpayers should not file an amended return if they previously filed one claiming the exclusion. For more information about this, including eligibility requirements, taxpayers should read the 2020 Unemployment Compensation Exclusion FAQs on IRS.gov.
So if you need to amend the 2020 return for the unemployment compensation exclusion, see this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...
Thank you very much for the info
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