turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Rekoenen
New Member

Unemployment credit

I have filed already.  Did turbo tax factor in the 10500 reduction in unemployment on my federal return?  

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
DaveF1006
Expert Alumni

Unemployment credit

It depends on when you filed your return. To clarify, what date?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Rekoenen
New Member

Unemployment credit

3/24 

DawnC
Expert Alumni

Unemployment credit

Probably so.   You can easily double-check though.   Look at Schedule 1 of your tax return.   You should see the full amount of unemployment you received on Line 7 and then you should see the subtraction on Line 8.   If you see the subtraction, the exclusion was factored in.  If not, it was not.  However, if it was not, you do not need to amend as the IRS will be issuing refunds at a later date.    See the example Schedule 1 below.   The subtraction will not be more than the amount on Line 7 and the maximum subtraction will be $10,200.   

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question