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2020 Unemployment Exclusion - Do I need to Fix Filed Return?

I filed my 2020 return with Turbotax prior to the passing of the tax law which allowed for $10,200 of Unemployment compensation to be tax free.  Over the summer I received a letter and refund from the IRS stating it was due to the tax law change for UI.  Do I need to do anything to the 2020 filed return in TurboTax so that it imports correctly into 2021 or is there something I need to do on the 2021 return to cover it?  Last thing I want is a mismatch and the IRS holds my refund!

 

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1 Reply
JulieS
Expert Alumni

2020 Unemployment Exclusion - Do I need to Fix Filed Return?

No, you don't have to do anything else because of that change on your tax return. 

 

When a return is changed by you, or the IRS, the original AGI is used to validate your identity in the following year. So, if TurboTax pulls your AGI form your 2020 return, that will be the correct number. 

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