I drew unemployment from the railroad in 2020. It was not taxed until I filed taxes. Will I get the additional refund due to new tax law not taxing 10200 unemployment?

I received a refund but it was lowered greatly by having to “pay” taxes on all I had drawn in unemployment. Just am wondering if I will still qualify for additional money back. Since my unemployment was tax free at time of payment. Thanks

333

Level 15

May 3, 2021 10:58:42 PM

only a maximum of $10,200 of UC is tax-exempt and then only if your modified adjusted gross income is less than $150,000. If this is your situation, the IRS will process your additional refund without you having to file an amended return.

Level 2

May 6, 2021 4:50:47 AM

Ok. The biggest thing I was unsure of is that the unemployment I drew was untaxed when received from the railroad. However, I filed taxes and obviously my refund was affected due to “paying” taxes on that money at time of filing. So even in this situation I should still receive additional money correct?

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I drew unemployment from the railroad in 2020. It was not taxed until I filed taxes. Will I get the additional refund due to new tax law not taxing 10200 unemployment?