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theTSNOOPS
Level 2
April 3, 2021
Solved

Huge Increase to Refund Amount?

  • April 3, 2021
  • 1 reply
  • 0 views

Hello everyone,

 

I still haven't filed my return as I'm waiting for a tax form. However, when I first entered all my tax information I had a very different return amount than when I just checked. By a "very different" amount I mean by over $1,000 more than the last time I entered tax information. 

 

I'm lost and a little worried to officially file anything as this is just a drastic change in what I was originally supposed to get in my return. I've gone through and reviewed all the tax information and documents I have entered and everything appears to be valid and correct. Nothing should have changed in terms of what I've entered. 

 

The last time I checked on my return it was before the most recent stimulus that I did receive. Maybe that could have something to do with it? Any information or advice would be greatly appreciated. 

Best answer by VolvoGirl

How to claim the new unemployment benefits if you have not filed yet.
https://ttlc.intuit.com/community/tax-topics/help/how-do-i-claim-the-new-unemployment-benefits-in-turbotax/00/2081055

 

 

1 reply

VolvoGirl
Level 15
April 3, 2021

Do you have any unemployment?  There was an update that excludes the first 10,200 of unemployment.  

theTSNOOPS
Level 2
April 3, 2021

Yes, I did collect unemployment which was what originally took such a huge chunk of my original return. Do you happen to have more information about the exclusion because I do believe that could be what this is. 

VolvoGirl
Level 15
April 3, 2021

Thank you very much! Appreciate it greatly!


Found a better IRS article

NEW IRS Unemployment exclusion
https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation