Millions of unemployment refunds in July: IRS timeline, status, tax transcripts and more

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The average IRS refund for taxpayers who paid too much tax on unemployment compensation is $1,265. 

Angela Lang/CNET

If you paid taxes earlier this year on unemployment benefits you received in 2020, the IRS is issuing rounds of payments to those who are eligible as it evaluates tax returns. A batch of refunds went out last week to nearly 4 million people, the tax agency said. Not everyone has received their refund, however, and some taxpayers say they’re in the dark on the status of their money. 

The American Rescue Plan in March made the first $10,200 of 2020 jobless benefits — or $20,400 for married couples filing jointly — nontaxable income. Roughly 13 million taxpayers were potentially eligible for an adjustment and a refund because they overpaid when they filed their taxes before the bill was passed. The average refund is $1,265, the IRS said, but you could get more or less, depending on your income and other factors. 

An IRS TREAS 310 banking transaction code could mean your tax return was adjusted and your refund deposited. (By the way, if you’re a parent it may also mean you got your first child tax credit payment this week.) Keep reading if you want to know how to access your tax transcript for clues about your refund status. For other unemployment news, see which states are ending the $300 weekly bonus payments. We can also tell you how your child tax credit could affect your taxes in 2022. We continue to update this story.

10 important facts about IRS refunds on unemployment benefits

In late May, the IRS started sending refunds to taxpayers who received jobless benefits in 2020 and paid taxes on that money before the American Rescue Plan went into effect. That law waived taxes on up to $10,200 in unemployment insurance benefits for individuals earning less than $150,000 a year.

The first batch of these supplemental refunds went to those with the least complicated returns (single taxpayers with no dependents), and batches are supposed to continue throughout the summer for more complicated returns. According to an igotmyrefund.com forum and another discussion platform on Twitter, some taxpayers who filed as head of household or as married with dependents started receiving their IRS money in early July. Others seem to be getting updates on their transcript with dates of July 14 or July 26. 

On July 13, the IRS said it’s sending out 4 million more payments via direct deposit and paper check. 

Here’s a quick recap of what we know:

  • The tax break is only for those who earned less than $150,000 in adjusted gross income and for unemployment insurance received during the pandemic in 2020. 
  • The $10,200 is the amount of income exclusion for single filers, not the amount of the refund. The amount of the refund will vary per person depending on overall income, tax bracket and how much earnings came from unemployment benefits.

  • Most taxpayers don’t need to file an amended return to claim the exemption. But if you think you’re now eligible for deductions or credits based on an adjustment, check the recent IRS release for the list of who should file an amended return. 
  • If the IRS determines you are owed a refund on the unemployment tax break, it will automatically correct your return and send a refund without any additional action from your end. 
  • Not everyone will receive a refund. The IRS can seize the refund to cover a past-due debt, such as unpaid federal or state taxes and child support. 
  • Refunds started going out in May and will go out in batches through the summer as the agency evaluates tax returns. More complicated returns could take longer to process.

  • The IRS is doing the recalculations in phases, starting with single filers who are eligible for the up-to-$10,200 tax break. It will then adjust returns for those taxpayers who are married and filing jointly, who are eligible for the up-to-$20,400 tax break.
  • Refunds will go out as a direct deposit if you provided bank account information on your 2020 tax return. A direct deposit amount will likely show up as “IRS TREAS 310 TAX REF.” Otherwise, the refund will be mailed as a paper check to the address the IRS has on hand.
  • The IRS will send you a notice explaining the corrections within 30 days of when a correction is made.
  • Some states, but not all, are adopting the unemployment exemption for 2020 state income tax returns. 

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Find your tax transcript to see your unemployment refund

The IRS says eligible individuals should’ve received Form 1099-G from their state unemployment agency showing in Box 1 the total unemployment compensation paid in 2020. (If you didn’t, you should request one online.) Some states may issue separate forms depending on the jobless benefits — for example, if you received federal pandemic unemployment assistance, or PUA. 

One method to know if a refund has been issued is to wait for the letter that the IRS is sending taxpayers whose returns are corrected. Those letters, issued within 30 days of the adjustment, will tell you if it resulted in a refund or if it was used to offset debt. The IRS says not to call the agency. 

You can try the IRS online tracker applications, aka the Where’s My Refund tool and the Amended Return Status tool, but they may not provide information on the status of your unemployment tax refund. 

An immediate way to see if the IRS processed your refund (and for how much) is by viewing your tax records online. You can also request a copy of your transcript by mail or through the IRS’ automated phone service by calling 1-800-908-9946. 

Here’s how to check your tax transcript online:

1. Visit IRS.gov and log in to your account. If you haven’t opened an account with the IRS, this will take some time as you’ll have to take multiple steps to confirm your identity.

2. Once logged into your account, you’ll see the Account Home page. Click View Tax Records.

3. On the next page, click the Get Transcript button.

4. Here you’ll see a drop-down menu asking the reason you need a transcript. Select Federal Tax and leave the Customer File Number field empty. Click the Go button.

5. The following page will show a Return Transcript, Records of Account Transcript, Account Transcript and Wage & Income Transcript for the last four years. You’ll want the 2020 Account Transcript

6. This will open a PDF of your transcript: Focus on the Transactions section. what is cbd tincture vs oil you’re looking for is an entry listed as Refund issued, and it should have a date in late May or June. 

If you don’t have that, it likely means the IRS hasn’t gotten to your return yet. 

Details we’re waiting to hear about unemployment refunds

The IRS has only provided limited information on its website about taxes and unemployment compensation. We’re still unclear on the exact timeline for payments (they’re a bit sporadic), which banks get direct deposits earlier or how to contact the IRS if there’s a problem with your tax break refund. 

Also, since some states fully tax unemployment benefits and others don’t, you might have to do some digging to see if the unemployment tax break will apply to your state income taxes. This chart by the tax preparation service H&R Block could give some clues, along with this state-by-state guide by Kiplinger

Here’s how to track your tax return status and refund online and what we know about contacting the IRS for stimulus check problems. For more on stimulus payments and relief aid, here is information about the child tax credit for up to $3,600 per child and details on who qualifies.


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Stimulus check calculator: How much of the $1,400 payment could you get this weekend?

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You can calculate how much money you and your family could expect with a $1,400 limit.

Sarah Tew/CNET

Are you getting a third stimulus check today, this week or in the coming weeks? The IRS and US Treasury began sending the first wave of payments on Friday, but if you’re not in the first group who saw their money show up in their bank accounts, you don’t have to wait days or weeks for your check to arrive before you see how much you will get. Our stimulus check calculator for the 2021 payment can give you a clue for how much of the $1,400 payment you could expect to receive.

While the size of the per-person maximum has more than doubled since the second payment, new rules about your income have changed the stimulus qualifications. In the end, fewer people will be eligible overall, but many of those who are will get much more money

Because of changes in the way the stimulus check formula works out a payment, the math doesn’t always follow the path you want penis enlargement pills meme might think, which is why we made a calculator based on the new limits. Scroll down to enter info like your AGI and dependents (the calculator doesn’t retain your personal details in any way). When you’re done, here’s what to know about claiming missing stimulus money on your 2020 tax return (if, for instance, you had a baby in 2020), and how tax season will affect your stimulus payment. This story was recently updated.

Stimulus check calculator: Will you get the full $1,400?

The Senate made a notable change to the third check before the bill was signed into law by reducing the upper income limit to receive any check. If your adjusted gross income, or AGI, is equal to or more than $80,000 (single taxpayers), $120,000 (head of household), or $160,000 (filing jointly), you won’t be eligible. See below for more details.

Note that this calculator should be used as an estimate only. If you think the check size you receive is in error and doesn’t match your below estimate, it’s possible you may need to claim the rest of your payment at a later time.

Proposed $1,400 stimulus calculator

Use details from your 2019 or 2020 tax return

1. Choose your filing status below.

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2. What was your adjusted gross income (AGI)?

3. How many qualified dependents did you claim in your taxes?

Calculate

Here’s who will get the full stimulus amount and when you’ll completely phase out of receiving a payment, using the new guidelines that were officially set this week. As an individual or couple’s income goes up, the size of the partial payment gets smaller. (Here’s our first stimulus check calculator, and here’s the calculator for the $600 second check.)


Stimulus check income limits





Full $1,400 per person maximum (based on AGI)

Not eligible (based on AGI)

Individual taxpayer

Less than $75,000

$80,000 or more

Head of household

Less than $112,500

$120,000 or more

Married couple filing jointly

Less than $150,000

$160,000 or more

New qualification guidelines for dependents

There two new rules for the third stimulus check affect you if you have dependents. 

  • Each dependent counts for $1,400.
  • Dependents are no longer restricted by age. College students, adult children with disabilities and older adult relatives will now count toward $1,400 each. 
  • Unlike the first two checks, you can’t receive any money if you exceed the upper income limit, even if you have dependents. 

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An extreme example of the last one: a single parent of four who makes $120,000 won’t qualify, where a single parent with four dependents who makes $119,000 will still get some amount of money. The amended bill also includes families with mixed citizenship status; that is, where at least one family member is a US citizen.

Expanding qualifications to dependents of any age makes approximately 13.5 million more adult dependents count toward their household total, according to The People’s Policy Project

Read more: Stimulus money, tax breaks for kids, older adults: Not just a $1,400 check

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Some likely stimulus check scenarios, calculated

To give you an idea of how much you should expect to receive in a third payment using the new income guidelines, we calculated a few scenarios for individuals, heads of households and families in the chart below. You can see how setting a hard upper limit changes your payment, based on the amount of money you could expect.

Payments for different incomes and dependents
















Individual

Head of household

Married couple, filing jointly

AGI of $75,000 and no dependents

$1,400

$1,400

$2,800

AGI of 79,000 and no dependents

$280

$1,400

$2,800

AGI of $90,000 and no dependents

$0

$1,400

$2,800

AGI of $100,000 and no dependents

$0

$1,400

$2,800

AGI of $100,000 and 1 dependent

$2,800

$4,200

AGI of $115,000 and 1 dependent

$1,867

$4,200

AGI of $120,000 and 1 dependent

$0

$4,200

AGI of $130,000 and 1 dependent

$0

$4,200

AGI of $100,000 and 2 dependents

$4,200

$5,600

AGI of $115,000 and 2 dependents

$2,800

$5,600

AGI of $155,000 and 2 dependents

$0

$2,800

AGI of $160,000 and 2 dependents

$0

$0

For more information on stimulus checks, here’s how to report missing stimulus money to the IRS, what to do if you’re missing any stimulus money, what we know about setting up direct deposit , how to track your 2021 payment and what to know about stimulus checks and your taxes.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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Ashlee Simpson holds hands with adorable daughter Jagger, 5, in LA

She’s a busy mom of three.

And on Tuesday, Ashlee Simpson treated her middle child, daughter Jagger, to some frozen yogurt.

Ashlee kept the five-year-old close and held hands with the youngster during their outing.

Sweet: Ashlee Simpson looked relax in an oversize black sweater and cropped black jeans as she treated her middle child, daughter Jagger, to some frozen yogurt in LA on Tuesday

Sweet: Ashlee Simpson looked relax in an oversize black sweater and cropped black jeans as she treated her middle child, daughter Jagger, to some frozen yogurt in LA on Tuesday

Sweet: Ashlee Simpson looked relax in an oversize black sweater and cropped black jeans as she treated her middle child, daughter Jagger, to some frozen yogurt in LA on Tuesday

Ashlee, 36, looked relaxed in an oversize black crew-neck sweater and cropped black jeans with distressed hems.

She stepped out in a pair of fluffy slides and wore her long blonde hair in a topknot. 

Little Jagger looked darling in a patterned frock paired with a cream cardigan, pink leggings and silver ballet flats. 

Both mother and daughter made sure to cover up with black face masks on their trip to the store. 

Close: Jagger looked darling in a patterned frock paired with a cream cardigan, pink leggings and silver ballet flats and both mom and daughter wore black face masks on the outing

Close: Jagger looked darling in a patterned frock paired with a cream cardigan, pink leggings and silver ballet flats and both mom and daughter wore black face masks on the outing

Close: Jagger looked darling in a patterned frock paired with a cream cardigan, pink leggings and silver ballet flats and both mom and daughter wore black face masks on the outing

Parents: Ashlee shares Jagger and baby son Ziggy, born in October, with husband Evan Ross, 32, She is also mom to 12-year-old son Bronx from her first marriage to musician Pete Wentz

Parents: Ashlee shares Jagger and baby son Ziggy, born in October, with husband Evan Ross, 32, She is also mom to 12-year-old son Bronx from her first marriage to musician Pete Wentz

Parents: Ashlee shares Jagger and baby son Ziggy, born in October, with husband Evan Ross, 32, She is also mom to 12-year-old son Bronx from her first marriage to musician Pete Wentz

Ashlee shares Jagger and baby son Ziggy, born in late October, with husband Evan Ross, 32,

She is also mom to 12-year-old son Bronx from her first marriage to musician Pete Wentz that ended in divorce in 2011.

Ashlee and actor and musician Evan, son of Motown legend Diana Ross, married in 2014 after a year of dating.

The celebrity couple made a joint appearance on The Drew Barrymore Show recently where they spoke about their whirlwind romance. 

Shared their story: Ashlee and Evan, who married in 2014, recently made a joint appearance on The Drew Barrymore Show where they talked about falling for each other at first sight

Shared their story: Ashlee and Evan, who married in 2014, recently made a joint appearance on The Drew Barrymore Show where they talked about falling for each other at first sight

Shared their story: Ashlee and Evan, who married in 2014, recently made a joint appearance on The Drew Barrymore Show where they talked about falling for each other at first sight

Love at first sight: 'There was a connection right away,' Ashlee shared about seeing Evan for the first time at a mutual friend's birthday party in 2013. 'It was like something deep right away'

Love at first sight: 'There was a connection right away,' Ashlee shared about seeing Evan for the first time at a mutual friend's birthday party in 2013. 'It was like something deep right away'

Love at first sight: ‘There was a connection right away,’ Ashlee shared about seeing Evan for the first time at a mutual friend’s birthday party in 2013. ‘It was like something deep right away’

‘There was a connection right away,’ Ashlee shared about seeing Evan for the first time at a mutual friend’s birthday party in 2013.  

‘Then we started seeing each other and phentermine diet pills dr g test I feel like soon after we were like, ‘Oh we are getting married’ and our friends were like ‘Woah, hold on,’ but we knew, we just knew,’ she said.

‘It was like something deep right away.’

Evan added: ‘We kept saying we were getting married, and our friends were like, ‘Guys chill out’.’ 

Famous faces: The couple, who are both singers and actors, joined Drew in the studio for a ore-taped socially-distanced chat on the actress and producer's daytime chat show

Famous faces: The couple, who are both singers and actors, joined Drew in the studio for a ore-taped socially-distanced chat on the actress and producer's daytime chat show

Famous faces: The couple, who are both singers and actors, joined Drew in the studio for a ore-taped socially-distanced chat on the actress and producer’s daytime chat show

Drew then posed a questioned submitted by a fan, which wondered how the pair managed to keep their romance alive after having a baby. 

‘This is from Emily from Wisconsin,’ Drew told the couple.

‘She writes, ‘We’re new parents and exhausted! We feel like there is no more room for romance…what can we do to not lose the spark?”

Ashlee responded: ‘That’s a good question. 

‘I feel like we are constantly on right now, right?’ she said, turning  to her husband.

‘Because there’s like 5, 12 and a baby and you’re changing diapers all day and what not.’ 

‘But I think for us, I mean you are really good at it too, you are like, ‘It’s the middle of the day … baby’s asleep.’ You know try to get in.’

Evan added: ‘The romance, you know, it doesn’t have to be at night.

Whenever, you know, find the time.’

Her youngest: Ashlee is pictured with baby son Ziggy, who arrived on October 29

Her youngest: Ashlee is pictured with baby son Ziggy, who arrived on October 29

Her youngest: Ashlee is pictured with baby son Ziggy, who arrived on October 29

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