DeckerPair
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The worksheet shows I should meet the AGI to get the exclusion. So TT needs to update their software (again) to exclude the Unemployment Compensation, correct?
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Using the IRS worksheet, I got 7B (continue to #8). I don't understand #8...I received more than $10,200 unemployment; why does it say not to enter more than $1...
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Here's a link to the article:https://www.currentfederaltaxdevelopments.com/blog/2021/3/23/irs-makes-a-significant-modification-to-computation-of-arpa-excludable...
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On March 12 the IRS said to include unemployment in determining modified AGI; however today (3/23) they decided that meanswithout regard to any unemployment com...
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The $10,200 brings our AGI to under $150K. I've tried deleting and re-adding G but get the same results. My understanding is that it's based on *modified* AGI; ...
Activity Feed for DeckerPair
- Posted Re: Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 8:53 PM
- Posted Re: Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 8:28 PM
- Posted Re: Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 2:19 PM
- Posted Re: Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 2:14 PM
- Posted Re: Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 12:46 PM
- Posted Re: Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 12:31 PM
- Posted Unemployment Tax Break reported on 3/22 to be updated on Turbo Tax; however I don't see it yet on Get your taxes done using TurboTax. March 23, 2021 12:16 PM