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Business & farm
UCE stands for Unemployment Compensation Exclusion.
The new tax law allows for a subtraction for the first $10,200 of unemployment. This is reported on Line 8 as UCE as a negative amount to what unemployment is entered on Line 7.
For more information, see: New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service
March 28, 2021
5:13 AM