20 days ago
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About this Deal
Some Americans who received a federal tax break on their unemployment insurance last year may have to file an amended return to get their full refund.
Taxpayers won’t have to file an amended federal return unless the unemployment tax break now makes them eligible for tax benefits like the Earned Income Tax Credit, a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children.
This applies to taxpayers who filed their federal and state tax returns before the American Rescue Plan became law in March. The latest $1.9 trillion stimulus package created a new tax break for tens of millions of workers who received unemployment benefits last year after businesses were forced to close and lay them off during the coronavirus pandemic.