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New Member
posted May 11, 2021 4:54:44 PM

My AGI was close to $75,000 and my IRA deduction was mostly phased out. My unemployment compensation was $7200. Will I now get back my IRA deduction?

0 2 280
2 Replies
Level 15
May 11, 2021 5:06:56 PM

See this:

New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service (irs.gov)

 

Level 15
May 11, 2021 7:01:39 PM

What does TurboTax say ?