- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does my standard deduction include the $10,200 deduction?
Topics:
posted
June 18, 2021
4:43 AM
last updated
June 18, 2021
4:43 AM
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does my standard deduction include the $10,200 deduction?
NO ... the standard deduction has nothing to do with the unemployment EXCLUSION which is reported on the Sch 1 line 8.
June 18, 2021
5:12 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does my standard deduction include the $10,200 deduction?
Q. Does TurboTax (TT)) automatically include the $10,200 deduction?
A. Yes. Look at Schedule 1, line 8, to verify that happened.
That answer assumes you prepared your taxes, in TT, after the program was updated (about 2 months ago).
June 18, 2021
5:47 AM
Still have questions?
Make a post