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The Water Cooler
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Received unemployment and already filed your 2020 tax return?
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<blockquote data-quote="Droff" data-source="post: 3548444" data-attributes="member: 26615"><p>My wife also got a good bit of the 'enhanced' unemployment, we've already filed our '20 return and got our refund. Was pretty close to amending the return until I did some research on it, so holding off. Not sure I'm trusting the IRS to have all the answers but not much choice.</p><p>Going through some calculations, it should be close to a $2700 difference in our favor. We had fed tax withheld on all of it. This will also affect your state tax as that uses your federal AGI number for calculations.</p></blockquote><p></p>
[QUOTE="Droff, post: 3548444, member: 26615"] My wife also got a good bit of the 'enhanced' unemployment, we've already filed our '20 return and got our refund. Was pretty close to amending the return until I did some research on it, so holding off. Not sure I'm trusting the IRS to have all the answers but not much choice. Going through some calculations, it should be close to a $2700 difference in our favor. We had fed tax withheld on all of it. This will also affect your state tax as that uses your federal AGI number for calculations. [/QUOTE]
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Received unemployment and already filed your 2020 tax return?
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