IRS revises frequently asked questions on 2020 unemployment compensation exclusion

IR-2022-64, March 23, 2022

WASHINGTON — The Internal Revenue Service today revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.

This Fact Sheet (FS-2022-21 PDF) updates the 2020 unemployment compensation exclusion frequently-asked-questions (FAQs). These updates are:

  • Question 6, Topic A: Eligibility (NEW)
  • Questions 1, 2, 4, Topic D: Amended Return (Form 1040-X)
  • Question 2, Topic E: Impact to Income, Credits, and Deductions
  • Question 1, 8, 9, Topic G: Receiving a Refund, Letter, or Notice
  • Question 1, Topic I: Post Unemployment Compensation Exclusion Adjustment
  • Question 1, Topic J: Economic Impact Payment

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

More information about reliance is available.

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