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Get your taxes done using TurboTax
There are 2 updates however.
1) The $10,200 gets taken out of the tax determination.
2) Unemployment does not count for AGI determination.
However, it seems that unemployment DOES count against tuition/fees (as an example).
Im going to be better off since I wont have to pay taxes on a lot of my unemployment, but if I have to include all of my unemployment for wages, than I cannot take advantage of tuition/fees becuase Im over the threshold.
We shall see how it rolls out. when both parts are complete,.
March 25, 2021
12:14 PM