update on irs unemployment tax refund
IRS Payment Status and Schedule of Adjusted Unemployment Tax Refund. The IRS identified over 10 million taxpayers who filed their tax returns prior to the American Rescue Plan of 2021 becoming law in March and is reviewing those tax returns to determine the correct taxable amount of unemployment compensation and tax.
The IRS has started issuing additional refund adjustments related to the 10200 unemployment tax break with over 7 million refund payments sent to tax payers who earlier paid federal taxes on unemployment compensation received in 2020.
. This could result in a refund a reduced balance due or no change to tax no refund due nor.
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