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Deductions & credits
I have a similar situation as sprater18: I see the update for the Unemployment Tax Exclusion has been updated in my tax return but I expected the reduction of $10,400 in Unemployment Compensation would also affect the calculation of taxable Social Security Benefits (and Premium Tax Credit- Form 8962 & Credit for Retirement Contributions- Form 8880), but it still shows the full amount of Unemployment Compensation being included in the calculation. Is that correct?
March 29, 2021
4:42 PM