Deductions & credits


@vickap wrote:

 

(the 10.2k was excluded from unemployment for calculating Federal Tax).


Correct "federal tax" , but the American Rescue Plan  act specifically requires calculating MAGI for educational credits (and 6 others)  to use the MAGI before applying the unemployment exclusion.

 

 

**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.**