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IRS issues another 430,000 refunds for adjustments related to unemployment compensation
November 1, 2021 WASHINGTON — The Internal Revenue Service recently sent approximately 430,000 refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020.
The IRS efforts to correct unemployment compensation overpayments will help most of the affected taxpayers avoid filing an amended tax return. So far, the IRS has identified over 16 million taxpayers who may be eligible for the adjustment. Some will receive refunds, while others will have the overpayment applied to taxes due or other debts.
More than 1.8 million additional Economic Impact Payments disbursed under the American Rescue Plan
IR-2021-119, May 26, 2021
WASHINGTON — Today, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they have disbursed more than 1.8 million additional Economic Impact Payments under the American Rescue Plan.
Today's announcement covering the most recent two weeks of the effort brings the total disbursed so far to nearly 167 million payments. They represent a total value of approximately $391 billion since these payments began rolling out to Americans in batches on March 12.
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Third Round of Economic Impact Payments Status Available
Find out when your third Economic Impact Payment is scheduled to be sent, or when and how we sent it with the Get My Payment application. Get My Payment updates once a day, usually overnight.