@Mike9241 wrote:
If you file a Married Filing Jointly return, when completing the Unemployment Compensation Exclusion Worksheet – Schedule 1, Line 8, you should report half of your unemployment compensation and half of your spouse's unemployment compensation on line 8 of the worksheet and your spouse reports the other half of your unemployment compensation and half of his or her unemployment compensation on line 9 of the worksheet. Do not enter more than $10,200 on either line 8 or line 9 of the worksheet. If your joint modified AGI is less than $150,000, you and your spouse can exclude up to $10,200 each. Do not exclude more than the amount of unemployment compensation you report on your Schedule 1, Line 7.
so you split your UC 50/50 then on the split amounts up to $10,200 can be excluded. to reach the maximum your UC would have to be $20,400.
enter 2 1099-G's one for you one for spouse and split the amounts for line 1
Agreed. I was about to post the same thing.
For example: if one spouse had $18,000 unemployment and the other has zero then in a non-community property state the maximum exclusion would be $10,200. In a community property state each spouse enters $9,000 unemployment so on the return the exclusion will be $18,000 (up to $10,200 for each spouse).
That is one of the few tax advantages of living in a community property state.
**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.**
