IRS updates FAQs for 2020 Unemployment Compensation Exclusion

Issue Number: IR-2021-221

Inside This Issue


IRS updates FAQs for 2020 Unemployment Compensation Exclusion

WASHINGTON – The Internal Revenue Service today updated its frequently-asked-questions (FAQs) on 2020 Unemployment Compensation Exclusion.

These updated FAQs (FS-2021-14) are:

Question 2, Topic D: Amended Return (Form 1040-X)
Questions 8 & 9, Topic G: Receiving a Refund, Letter, or Notice
Question 3, Topic I: Post Unemployment Compensation Exclusion Adjustment.

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

More information about reliance is available.

IRS-FAQ

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