Originally posted by Gene V
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IRS to Fix unemployment on returns filed before the change
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Originally posted by Gene V View PostAlso in the updated March 23rd, you don't have to amend your return if you already file with full unemployment.
If you have already filed your 2020 Form 1040 or 1040-SR, there is no need to file an amended return (Form 1040-X) to figure the amount of unemployment compensation to exclude. The IRS will refigure your taxes using the excluded unemployment compensation amount and adjust your account accordingly. The IRS will send any refund amount directly to you.
https://www.irs.gov/forms-pubs/new-e...t-compensation
Unless my browser is stuck with the 'old' information, today's update (the 24th) does not say that. It shows:
you should not file an amended return at this time. The IRS will issue additional guidance as soon as possible.
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Originally posted by TaxGuyBill View Post
Unless my browser is stuck with the 'old' information, today's update (the 24th) does not say that. It shows:
you should not file an amended return at this time. The IRS will issue additional guidance as soon as possible.
what was printed yesterday. I guess we'll just keep waiting for more information.
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Originally posted by TaxGuyBill View PostUnless my browser is stuck with the 'old' information, today's update (the 24th) does not say that. It shows:
you should not file an amended return at this time. The IRS will issue additional guidance as soon as possible.
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