My husband received a Lump Sum payment from SSDI of which a large amount was for tax year 2020. Our AGI looks horrible but unfortunately this increased our MAGI enough to create a huge tax bill that we must pay. Does anyone know if there is anything that I can do to not have to pay thousands of dollars? We are both disabled and on SSDI so this is a big hit.
Any input would be greatly appreciated.
Thank you!!
