If you have already filed your 2020 tax return, the IRS will automatically adjust for the new $10,200 tax exemption for unemployment benefits received in 2020. Do not amend your return - the IRS expressly stated that you “Should not file an amended return at this time, be patient as it will be adjusted.”
It’s a little easier if you haven’t filed your 2020 tax return, you can claim the new $10,200 tax break for unemployment benefits on your tax return.
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