Dec 02, 2022

IRS: Fresh FAQs about 2020 unemployment compensation exclusion

Posted Dec 02, 2022 8:14 PM

IRS

The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2020 unemployment compensation exclusion in Fact Sheet 2022-39PDF. The updates are:

  1. Topic D: Amended Return (Form 1040-X): Combined question 1 and 2, removed question 3 and renumbered question 4
  2. Topic E: Impact to Income, Credits, and Deductions: Question 2
  3. Topic G: Receiving a Refund, Letter, or Notice: Questions 2, 3, 5, 8 and 9
  4. Topic H: Finding the Unemployment Compensation Amount: Question 2