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Deductions & credits
@55dorota55 wrote:I just noticed today that TT still didn’t update few things. 1.$10200 is still included in income for calculating the taxable portion of social security. 2. $10200 is still included in calculation of MAGI for IRA contribution. Hoping to see those updates soon.
TurboTax is behaving correctly. When calculating the MAGI for each of these purposes, the exclusion for unemployment credit is required to be added back to AGI.
April 11, 2021
9:04 AM
2,331 Views