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IRS Asks Taxpayers Not to File Amended Returns to Claim New Unemployment Tax Exclusion

March 19, 2021 9:46 AM | Anonymous member (Administrator)

IRS officials are telling tax professional organizations that taxpayers should not file amended 2020 tax returns at this time to claim the new $10,200 tax exclusion for 2020 payments of unemployment compensation.

IRS Commission Charles Rettig told a Congressional committee on Thursday, March 18th that he expects the IRS will be able to identify the alread-filed 2020 returns that contain unemployment income and send taxpayers refunds based on the new 2020 exclusion.

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