You'll need to sign in or create an account to connect with an expert.
Do NOT amend your tax return for the new unemployment exclusion. With this new law, if your household income is less than $150,000, the first $10,200 of unemployment will be tax-free, but any amount you receive above that will be taxed.
The IRS has announced that they will include this change and adjust your return accordingly and do NOT want taxpayers to send in an amended return. It will take unusually extended timeframes for this to occur.
You must wait for them to complete the task, and then they should issue the refunds. You may have to review NC rules on their direction.
So the IRS will refund a part of whatever I sent in on Feb27th?
Yes, the IRS will begin processing those in the spring and summer.
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.
Rightflow
New Member
smdunbrook
New Member
Mandababy81
New Member
bear1976
New Member
watch131719
Returning Member