Though some have reported online that their tax transcripts show pending deposit dates, others haven't received any clues at all. Here's a summary of what those refunds are about: The first $10,200 of 2020 jobless benefits ($20,400 for married couples filing jointly) was made nontaxable income by the American Rescue Plan in March, so taxpayers who filed their returns before the legislation and paid taxes on those benefits are due money back. No rounds of payments seem to have gone out last month, and it's already October. The tax agency said adjustments would be made throughout the summer, but the last batch of refunds - which went out to some 1.5 million taxpayers - was two months ago. This summer, the IRS started making adjustments on 2020 tax returns and issuing refunds averaging around $1,600 to those who qualify for a $10,200 unemployment tax break. The IRS has sent 8.7 million unemployment compensation refunds so far.
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