@Chrys1 wrote:
Just know you have things WRONG! There will be a lawsuit and I am first in line. I already have it in the works and have saved EVERY lame communication I’ve had with you and the so called licensed experts. Turbo tax is going down and the irs is behind me!!!!
READ the text of the American rescue plan Section 9042(a) and (b) that specifically say that:
"APPLICATION.—For purposes of paragraph (1), the adjusted gross income of the taxpayer shall be determined—
“(A) after application of sections 86, 135, 137, 219, 221, 222, and 469"
Which means for that the 7 listed items, the tax must be computed BEFORE applying the unemployment exclusion. Section 86 of the tax law IS Social Scurrility. That is the tax law, not TurboTax.
Go ahead and hire a lawyer if you want to throw your money away because no attorney would take such a frivolous case.
**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.**
