@jmm2022 wrote:
I spoke to an IRS agent last week that told me the UCE should not be included in MAGI. I found this info also on another site stating that the IRS had reversed an earlier decision that would have included this. I really think that TurboTax needs to investigate this further.
The Rescue Act §9042 law specifically says that the unemployment credit is to be applies *after* calculating the MAGI for retirement contributions. It is not the IRS's decision, it is the law that Congress passed.
**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.**
