The Internal Revenue Service has revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.
This Fact Sheet (FS-2022-21 PDF) updates the 2020 unemployment compensation exclusion frequently-asked-questions (FAQs). These updates are:
- Question 6, Topic A: Eligibility (NEW)
- Questions 1, 2, 4, Topic D: Amended Return (Form 1040-X)
- Question 2, Topic E: Impact to Income, Credits, and Deductions
- Question 1, 8, 9, Topic G: Receiving a Refund, Letter, or Notice
- Question 1, Topic I: Post Unemployment Compensation Exclusion Adjustment
- Question 1, Topic J: Economic Impact Payment
These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.
More information about reliance is available.
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