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Has anyone heard of an update from IRS regarding people who filed before the new stimulus and had unemployment compensation but did not claim the $10200 exclusion?
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The Easter Bunny and Tooth Fairy have both assured us that IRS will make it right, without any action required by taxpayers, quickly and accurately.
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Yes we all have. Subscribe to IRS alerts and you'll know also, about a lot of things.
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That depends on which day of the week you look at the IRS website.
https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation
On Tuesday it said "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."
But then on Wednesday it said "If you have already filed your 2020 Form 1040 or 1040-SR, you should not file an amended return at this time. The IRS will issue additional guidance as soon as possible.".
I haven't looked today.