@msaaj wrote:
@macuser_22- thank you. It is interesting the interaction between some of these credits and I do understand the need to make sure they get it right (although once you have it out in one version, it would seem like it wouldn't take that long to put it into other versions). In my return, we are not near the $150K threshold. But I do have a child in college and was planning to use either the Tuition and Fees Deduction or the Lifetime Learning Credit. My income is near the phase out for those two items. I will probably use the credit, but I am interested in the options and how this exclusion affects them.
All of those items depend on the AGI and the unemployment exemption changes the AGI. Those items must be calculated without regard to the unemployment change per the tax law.
I suspect that the delay in the desktop version is because desktop users must download and install updates on their computers and that can be very time consuming if yiu have a slow internet so they try to keep updates a a minimum and package many changes into one update - not piecemeal like they can do on their own online server. There is a scheduled update for the 1040X and other forms on the 25th, or 26th so probably the unemployment update will be in that.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
