Vivinavi : Hawaii : (United States) Hawaii

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• 2021/05/30 09:14

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Americans who overpaid taxes on unemployment benefits this year will start to receive refunds this week, the Internal Revenue Service

Under the American Rescue Plan, workers who received $ 10,200 or less in unemployment benefits last year don't have However, Congress passed the law change in March, after millions of people had already filed their tax returns. As many as 1 million people potentially overpaid their taxes and could be in line for refunds, the IRS said Friday. It's doing the work in phases, starting with single taxpayers with simple returns - such as those who didn't claim refunds.

More complex returns, including those filed by married couples filing jointly, will take until the end

Taxpayers who overpaid don't need to do anything. The IRS said it is reviewing and correcting returns "to determine the correct taxable amount of unemployment compensation and tax." Not all people in that bucket will receive more money, the agency said, noting that reviews "could result in a refund, a reduced balance due or no change to tax."

Taxpayers who provided bank information when they filed their returns will get any money due back via direct deposit.

Link to:
https://www.cbsnews.com/news/unemployment-benefits-tax-refund-irs-overpayment/#app

At this time, locos say they have received their letters and have received their Refund. At this time, some locos have received their letters and Refund, while others have not yet received their letters or Refund, so it is taking some time. In the case of a couple filing, it will take until this summer.

Your accountant should have the latest IRS information, so we recommend that you contact your accountant if you had your accountant file for you. If you have filed your own, we recommend that you check the IRS website for the latest information or contact a consultation service.