NY unemployment tax refund hitting accounts - $10,200 federal credit showing on transcripts

You need to go to the IRS website and request your tax transcript. Look for the 'Get Transcript Online' option. You'll need to create an account if you don't already have one. It'll show if the adjustment has been processed and when to expect the deposit.

thx for explaining! do u know how long it takes for the money to hit after it shows on transcript?

Same here! I've been trying to get through to the IRS for weeks about my refund and can't get anyone on the phone. Their website is useless too - keeps crashing or saying they can't verify my identity. I finally used Claimyr.com to get through to a live person at the IRS. They have this service where they connect you with an agent without the wait. There's a video showing how it works at https://youtu.be/Rdqa1gKtxuE - saved me hours of frustration. The agent was able to tell me exactly when my refund would hit.

just got mine too!! $1,437!!! best surprise ever

Yes, this comes as a separate refund payment. The IRS is processing these adjustments after regular tax returns, so you'll receive it as a second payment. They're sending them out in batches based on the simplest returns first, so more complex returns with dependents, investment income, etc. will be processed later.

The timing isn't based on when you filed, but rather the complexity of your return and which processing batch you fall into. The IRS announced they're working through returns through summer 2025. If you have multiple sources of income or claimed certain credits, you might be in a later batch.

ok thx i guess ill keep waiting :( i did have a w2 job plus unemployment so maybe thats why

The IRS has systems in place to prevent double refunds. If you filed an amended return AND they process the automatic adjustment, their system should flag it. Most likely, they'll either: 1. Process your amended return and ignore the automatic adjustment 2. Process the automatic adjustment and reject the amended return If by some chance you do receive two refunds for the same adjustment, you should contact the IRS, as they will eventually catch it and you could face penalties for not returning the duplicate payment.

Here's the simple version: - If you received unemployment in 2024 and already filed your taxes, you paid tax on that money - The government decided after tax season started that the first $12,800 of unemployment shouldn't be taxed - Instead of making everyone file new tax forms, the IRS is automatically figuring out who paid too much tax - They're sending extra refunds to those people - You don't need to do anything but wait for the money to arrive - The amount depends on your tax rate, but roughly 10-24% of the unemployment amount that was exempted So if you received unemployment last year, you'll likely get some money back without doing anything.

Thank you so much!! That makes it so clear. I was worried I'd have to file something complicated or call someone. I'll just keep an eye on my bank account then!