IRS Updates 2020 Unemployment Compensation Exclusion FAQs
The IRS recently updated frequently asked questions (FAQs) for the 2020 unemployment compensation exclusion in Fact Sheet 2022-39. The updates are:
- Topic D: Amended Return (Form 1040-X): Combined question 1 and 2, removed question 3 and renumbered question 4
- Topic E: Impact to Income, Credits and Deductions: Question 2
- Topic G: Receiving a Refund, Letter or Notice: Questions 2, 3, 5, 8 and 9
- Topic H: Finding the Unemployment Compensation Amount: Question 2
More information about reliance is available on the IRS website.