IRS to recalculate taxes on 2020 unemployment and issue refunds

For those taxpayers that filed their taxes before the $10,200 unemployment exclusion was approved in the middle of the 2020 tax season, the IRS will automatically recalculate the Federal taxes and plans to start issuing refunds in May 2021. From the official IRS guidance, we can read:  "... This law change occurred after some people filed