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jmlancaste
New Member

Where on tax return does it show if we got the tax break for unemployment?

I filed in April and don't see where on line 8 it subtracted the amount?
2 Replies
Mike9241
Level 15

Where on tax return does it show if we got the tax break for unemployment?

you may have filed before the Turbotax app was updated. not to worry. the IRS will automatically issue refunds.  as of now, the IRS has not provided a means to check up on the refund status for your UC. 

xmasbaby0
Level 15

Where on tax return does it show if we got the tax break for unemployment?

If you filed before the tax law changed or before the software was updated for the change, you can  get a refund from the IRS for the federal tax withheld on the first $10,200 of unemployment.   The IRS is sending out those refunds without you having to amend for it. 

 

 

If you filed AFTER the software was updated, you do not look on line 8 of your Form 1040.   You look on line 8 of Schedule 1---it is one of the extra schedules included with Form 1040.

 

 

If you are eligible for the extra refund for federal tax that was withheld from your unemployment the IRS will be sending you an additional refund sometime during the next several months.  TurboTax cannot track or predict when it will be sent.  The IRS has not provided a way for you to track it, so all you can do is wait for the refund to arrive.

 

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve...

 

 

Please read this very recent news from the IRS:

 

https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

 

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/am-i-eligible-for-a-new-credit-or-...

 

 

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

**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.**
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