IRS officials are telling tax professional organizations that taxpayers should not file amended 2020 tax returns at this time to claim the new $10,200 tax exclusion for 2020 payments of unemployment compensation.
IRS Commission Charles Rettig told a Congressional committee on Thursday, March 18th that he expects the IRS will be able to identify the alread-filed 2020 returns that contain unemployment income and send taxpayers refunds based on the new 2020 exclusion.