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Deductions & credits
over half($9000 of his $13,000) of his(dependent) income is from unemployment benefits. That's why I am inquiring about the 10200 exclusion for him. It only has to do with me because he is getting taxed at my rate because of the kiddie tax. Basically, is his 9000 unemployment excluded from the kiddie tax and tax free(Rescue Act) knowing I made over the 150K threshold.
Not trying to make this confusing but I am not sure you understand what I asking.
Thanks
March 24, 2021
10:34 AM