Ask Terry Questions unemployment benefits tax refund

unemployment benefits tax refund

By Terry Savage on August 08, 2021 | Wild Card

Any idea how to find out about IRS automatically refunding for unemployment benefits originally included on 2020 tax return and taxed accordingly? Not yet received refund and IRS has been indicating they have been sending refunds for about two months.

Terry Says

You’ll just have to wait your turn! They have been going over returns that paid taxes on unemployment benefits — before the law was changed to exclude the first $10,200. That has created a LOT of work for the IRS. Be patient! You’ll earn 3% on your refund back to mid-April as a consolation prize!

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