@gmoney3 wrote:
For example Joes 1099G says $15,200 in unemployment income for 2020
Joe beleives the exemption passed into law will be for $10,200 for 2020
Joe files his return today, and says his 1099G income is $5,000
What are the consequences for Joe?
Joe would be filing an incorrect (possibly fraudulent) federal tax return because none of the 2020 tax code has been changed by the US Treasury or the IRS to codify the legislation, which still has not been signed by the President.
