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Level 1
March 21, 2021
Question

Has anyone else figure out with filing jointly the entire federal tax break is about 20400 on unemployment?

  • March 21, 2021
  • 4 replies
  • 15 views
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4 replies

DoninGA
Level 15
Level 15
March 21, 2021

If you are filing as Married Filing Jointly, your 2020 AGI is under $150,00 and you both received unemployment compensation then the exclusion amount could be $20,400 if the UC received for each of you was at least $10,200 or more

Level 3
May 7, 2021

What if the UC we both received came from different states? NJ for him, NY for me. Would it still be 20400?

Critter-3
Level 15
May 7, 2021

The state is immaterial for the federal return ... states may differ.