unemployment

[DAndreaDub]

Will I be receiving a refund for the 2020 text year even though I received unemployment but had taxes withheld? If so why haven’t I gotten mine yet it’s been well over 16 weeks since I was told buy a tax advocate to amend my tax return then I was told otherwise after doing it but that it shouldn’t affect anything the system is correct in certain things already. Although I’ve claimed a dependent for 11 years the same one I still haven’t received any child tax advance credits either. Why Would my tax refund be under review for so long, why does one thing tell me that it’s in a certain stage of being processed and another thing tells me that it hasn’t yet gotten processed. Is there anything particular I should be looking for on the tax transcript that I received?

[Michele_H]

Hi @DAndreaDub To answer your question you should be looking for an adjustment of up to 10200 if single or 20400 if MFJ on the tax transcript.  If you would like to check on the status of your refund, I would suggest doing the following:

First, you'll want to review your return and confirm you included the unemployment compensation on your tax return. It would appear on your 2020 Schedule 1 Line 7.  If you didn't include the information there, you may need to file an amended return.   If this was included, the link listed below will help you determine if you need to file an amendment for a different reason.

Copy and Paste this link in your browser:

https://www.irs.gov/newsroom/irs-continues-unemployment-compensation-adjustments-prepares-another-1-...

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...

If 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, do not hesitate to reach out to our Live Help from your TurboTax home screen! One of our agents can take a look at your return and help you determine how much you should be expecting to receive.

If you would like to contact the IRS about the status of your refund, you can try these instructions:
The IRS telephone number is 1-800-829-1040, and they are available from 7 a.m. – 7 p.m. Monday thru Friday. The best time to call is early in the morning.
The first question the automated system will ask you is to choose your language.
Once you’ve set your language, do NOT choose Option 1 (regarding refund info). Choose option 2 for “Personal Income Tax” instead.
Next, press 1 for “form, tax history, or payment”.
Next, press 3 “for all other questions.”
Next, press 2 “for all other questions.”
When the system asks you to enter your SSN or EIN to access your account information, do NOT enter anything.
After it asks twice, you will be prompted with another menu.
Press 2 for personal or individual tax questions.
Finally, press 4 for all other inquiries. The system should then transfer you to an agent.