What line of the "What-If" worksheet accounts for the first $10,200 of unemployment income being tax-free for earners below a certain threshold this year?
I am low earner with almost as much in unemployment income this year as regular wages. My husband is a high earner and we don't have children, education, or mortgage expenses. Using the CD version of Turbo Tax I am trying to compare if it would be better for us to file separately this year, because if our incomes are combined we exceed the threshold for the first $10,200 being tax free.
Where can I look on the "What-If" for to see if it accurately accounting for the fact I wouldn't have to pay taxes on that portion of my unemployment income if we filed separately, but I would have to pay if we filed together? Right now it is showing we would have to pay about $1000 more if we filed separately but I'm not convinced this is accurate if I can't see on the form where it accounted for the first $10,200 being tax free in the MFS scenario.
