Re: Unemployment Taxes

If I had $15,000 in unemployment last year and had taxes taken out but filed my taxes before the new law in March should I be getting the $1020 if paid in on the $10,200 that was forgiven? The IRS only sent me $208 and couldn’t tell me why after being on the phone for over a hour. We got a refund so there wouldn’t be an offset on any taxes owed.

posted

Hi there!

The answer to your question depends on the amount of any other income you have. The website below is called taxcaster. It will help you calculate your expected refund factoring in many of the variable that may effect the refund. Give it a try !

Turbotax has a cool calculator that calculates how much your refund will probably be its at this link below:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

Taxcaster helps you quickly estimate your 2020 tax refund with TaxCaster. This free tax calculator helps you see how much you may get back, or what you may owe, before you file your tax return.

Hope this helps! If not reach out to connect again!