IRS updates FAQs for 2020 Unemployment Compensation Exclusion


IR-2021-221, Nov. 12, 2021

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.