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TurboTax Update - Taxable Social Security Calculation Not Correct?
Hello, I got the desktop update this morning and re-ran the tax file. The taxable social security does not appear to include the unemployment tax relief of $10,200. Line 3 of the SS Benefits Worksheet says to add Form 1040, 1, 2, 2b, 3b, 4b, 5b, 7 and Schedule 1, line 9. Schedule 1 line now includes the $10,300 credit for the tax break. When I added up the amounts in these lines, the SS worksheet total on line 3 does not equal to the added total with a difference of $10,200. Please advise.
March 26, 2021
8:01 AM