in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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Hi @Biliboy57 ,
The IRS has said that payments will continue "throughout the summer," which means that unless we hear something else, payments could continue through September 22nd.
Here is some information that may help you regarding payments for additional refund due:
https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...
https://blog.turbotax.intuit.com/tax-news/am-i-eligible-for-the-new-unemployment-income-relief-49427...
As an aside, the reduction in taxable income did not result in additional refund due for all taxpayers. If you need help determining if you should be receiving extra funds, don't hesitate to reach out to our Live Help from your TurboTax home screen, or call (800) 446-8848! One of our agents can take a look at your return and help you determine how much you should be expecting to receive.
Hi Biliboy57,
The IRS is still processing the adjustments and sending out refunds. So it's impossible to say when. Here’s a link to the IRS article IRS Unemployment Adjustments
Since everyone’s tax situation is different it you should log in to your Turbotax account to see if the change affected your taxes. Open your return (find the “add a state” button to open the return) to see if the refund amount has changed. The program adjusted your return automatically. If it is the same as when you filed the change may not have affected your taxes.
If you have any questions, please reach out to us to speak to an expert to go over your tax return by clicking on the live help link or giving us a call. You will need to be signed on to your account in order for the expert to properly assist you.
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