topic Re: Is there a tax credit for getting a pay decrease during covid? in Get your taxes done using TurboTax

Is there a tax credit for getting a pay decrease during covid?

rdeshong — Sun, 11 Apr 2021 16:05:16 GMT

I took a pay cut in 2020 due to covid. Is there any tax credits or deductions?

xmasbaby0 — Sun, 11 Apr 2021 16:06:15 GMT

No there is no tax credit for that. But you had less income subject to being taxed.

VolvoGirl — Sun, 11 Apr 2021 16:07:44 GMT

No. Did you get any unemployment? There is a tax exclusion on 10,200 of unemployment. But for wages you will just have less income to be taxed on.