Social Security / other income

Forum|Forum|5 years ago
March 17, 2021
2 replies
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I was wondering about social security income and unemployment. I'm working on my mothers taxes she is 92 and last year was working until covid-19 hit. She had income from her job, then collected unemployment benefits plus collects social security. She was getting a return until I entered in her 1099 for social security then it said she owed. Is this sound correct she has paid taxes on her income plus her unemployment but does not have taxes withheld from SS

thanks Ken

xmasbaby0

Level 15

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

You are among millions who have now been affected by a mid-tax season change in the tax law. Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

If you have not e-filed yet—-wait. And if you already e-filed and want to amend for this—WAIT.

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

Please read this very recent news from the IRS:

https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

kfoster21163Author

Level 2

thank you so much

kfoster21163Author

Level 2

I was wondering about filing a amended return!

Do I have to mail in my amended return? or can I efile?

I just finished amending my 2020 return due to new tax law on unemployment but turbo tax will not let me efile.

Or will the IRS just fix things on there end?

Thanks Ken

PS thank you for you advice on my Mom return it paid to wait like you said. Wish I knew that before I filed mine lol

DoninGA

Level 15

@kfoster21163 wrote:

Hi

I was wondering about filing a amended return!

Do I have to mail in my amended return? or can I efile?

I just finished amending my 2020 return due to new tax law on unemployment but turbo tax will not let me efile.

Or will the IRS just fix things on there end?

Thanks Ken

PS thank you for you advice on my Mom return it paid to wait like you said. Wish I knew that before I filed mine lol

Go to this IRS website for information on the unemployment exclusion - https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-may