rbynaker
Level 14
03-14-2021
05:00 PM
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According to the IRS Worksheet (posted on the website on Friday evening--so take that for what it's worth) you "Include the full amount of unemployment compensation you received in 2020 on Schedule 1, line 7."
If not covered under a retirement plan you might see if a deductible IRA contribution would help. You might also do an analysis of MFJ vs MFS.