Ask Terry Questions Unemployment compensation on return already filed

Unemployment compensation on return already filed

By Terry Savage on March 30, 2021 | Wild Card

Filed federal and state taxes before it was known that $10,200 of unemployment compensation would not be taxed. What is the next step?

Terry Says

Next step is to do nothing! The IRS says not to amend your return. They are trying to figure out how to give you an automatic refund.

money

ASK TERRY

a personal
finance question