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brontehay
New Member

I have already filed my taxes for 2020 and paid all taxes on unemployment. Now $10,000 of unemployment won’t be taxed, can I get a refund for that? What do I need to do?

 
2 Replies
xmasbaby0
Level 15

I have already filed my taxes for 2020 and paid all taxes on unemployment. Now $10,000 of unemployment won’t be taxed, can I get a refund for that? What do I need to do?

Here is why you do NOT amend your return for unemployment:

Please read this very recent news from the IRS:

 

https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DoninGA
Level 15

I have already filed my taxes for 2020 and paid all taxes on unemployment. Now $10,000 of unemployment won’t be taxed, can I get a refund for that? What do I need to do?

The IRS will be recalculating the taxes based on the exclusion and start sending tax refunds in May.  There is no need to amend your 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...

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