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Is the $10,200 ARP unemployment benefits deduction subject to Social Security taxes? I did the worksheet, with and without, but TT shows tax on line 6b equal to 30% not 0
I completed the Social Security Benefits Worksheet for lines 6a and 6b twice, both with and without the deduction (and I do not have an exception, as I understand it and I see nothing in Pub. 590-A that applies). With the deduction I owe 0. Without it I owe $643. TT shows an amount on line 6b equal to 30% of line 6a.
TT sent me the email saying to finish my return because the $10,200 was now included and said I was ready to file. I will hold off until May to file an amended return but I need to know where that figure is coming from.
Thank you experts!
TT sent me the email saying to finish my return because the $10,200 was now included and said I was ready to file. I will hold off until May to file an amended return but I need to know where that figure is coming from.
Thank you experts!
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March 23, 2021
7:45 AM