2021 – 07/13 You may already know that for 2020 tax returns, the American Rescue Plan Act excluded from income up to $10,200 in unemployment benefits (subject to income limits). For tax returns filed before the law passed, the IRS stated there’s no need to amend returns as the agency would automatically incorporate the changes and issue any refund. Many taxpayers were victims of identity theft or fraud related to unemployment benefits and received incorrect or fraudulent unemployment benefits forms (1099-G). The IRS advises them to not report the incorrect information on their returns, but instead to contact the state office that issued the 1099-G. For more details from the IRS:
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