You'll need to sign in or create an account to connect with an expert.
The IRS is recalculating refunds for people whose AGI is $150K or below and who filed before the tax law that changed the amount of unemployment that is taxable on a federal return became effective.
The IRS began to send out the additional refund checks for tax withheld from unemployment in May. The refunds are being sent out in batches—starting with the simplest returns first. If you are eligible for the extra refund for federal tax that was withheld from your unemployment the IRS will be sending you an additional refund sometime during the next several months. TurboTax cannot track or predict when it will be sent. The IRS has not provided a way for you to track it, so all you can do is wait for the refund to arrive.
Please read this very recent news from the IRS:
Whether you get a refund for the unemployment exclusion does not depend on whether you had a payment due on your tax return. You will get an additional federal income tax refund for the unemployment exclusion if all of the following are true.
If all four of those conditions are true, The IRS will recalculate your tax return and send you the additional refund. It might be a couple of months before you get it. For more information see the IRS announcements that xmasbaby0 referenced above, and the following FAQ.
2020 Unemployment Compensation Exclusion FAQs
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
BigAlStud
New Member
huynhj93
Returning Member
huynhj93
Returning Member
Be32
New Member
thomaspe611
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.