Waiting for the IRS to make an adjustment to my taxes (unemployment related) [View all]

[Sibelius Fan]

We filed our taxes in February, and we owe just over $4,000.

That was before the Biden plan exempted the first $10,200 in unemployment benefits from fed taxes. In our case, that means that roughly $18,000 in 2020 income was made tax free after we filed our taxes. I’m thinking that will significantly reduce our taxes owed.

Thing is, the IRS is handling these adjustments. I keep checking my account at the IRS website, and I keep seeing the message that an adjustment is being made and my info is unavailable. Taxes payments are due on Monday, May 17.

Any word on what will happen if Monday rolls around and my adjustment still hasn’t been calculated?