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Retirement tax questions
I’m not looking for a button that says “apply.” I mean I don’t yet see the value or benefit of the 10200 or how it impacts my taxes owed. Overall, I’m paying 12% tax on around 42K Gross income of which 80% was unemployment. Just applying the itemized deduction and the exclusion would make that even lower. That is not even counting my personal and business deductions. I would think the exclusion would provide a better benefit. So I'm concerned something is off. I'd like to be able to review everything to make sure. Turbo-Tax does not allow me to see how the exclusion applies because I can’t yet access my1040 where I know it should be. Do I have access to my 1040 so I can see the exclusion?
April 27, 2021
6:26 AM