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Retirement tax questions
@Sedonamoongoddess wrote:
Where are you seeing this, I haven't been able to find that anywhere in print
It is written in the law passed by Congress in lawyers legalese.
https://www.congress.gov/bill/117th-congress/house-bill/1319/text
§9042(a)(2)(A) & (B) and 9042(b)(2)
and §9042(b)(2) that says:
Section 86(b)(2)(A) of such Code is amended by inserting “85(c),” before “135”.
Section 86 is modified AGI for Social Security and “85(c),” says not to include the unemployment credit when calculating the taxable SS.
**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.**
March 23, 2021
10:26 AM