More money: IRS sends refunds to more than 2.8 million people

More money: IRS sends refunds to more than 2.8 million people

The Internal Revenue Service (IRS) announced that it began sending refunds for some 13 million taxpayers who paid unemployment benefit taxes when they filed their 2020 returns.

To date, the IRS has reviewed more than 3.1 million returns that include unemployment benefits, and more than 2.8 million have already received their refunds.

The next set of these special refunds should begin rolling out in mid-June and the process will continue through the summer as the IRS reviews the more complex returns for possible refunds.

Taxpayers should receive a letter from the IRS within 30 days of the adjustment, with details about the refund, an IRS debt payment, or compensation for other debts.

If you have already filed your 2020 Form 1040 (SP) or 1040-SR (SP), you should not file an amended return. The IRS will automatically refund money to people who have already filed their tax returns reporting unemployment compensation.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.