Kvolpert
Level 2
03-19-2021
06:50 PM
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When I use the checkbox to apply the American Rescue Plan Act provisions in order to exclude non-taxable unemployment benefits, the taxable portion of social security benefits is higher than if I manually enter a negative number on line 8.
The social security benefits worksheet is using the taxable and non-taxable unemployment benefits to calculate taxable social security benefits. Is this correct?
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TaxGuyBill
Level 15
03-19-2021
06:53 PM
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The program is correct. The calculation of taxable Social Security (and several other MAGI-based calculations) still use the FULL amount of Unemployment.
abctax55
Level 15
03-19-2021
07:01 PM
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An earlier post with more details:
HumanKind... Be Both
Kvolpert
Level 2
03-19-2021
08:22 PM
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Thank you!
abctax55
Level 15
03-19-2021
08:30 PM
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YVW
HumanKind... Be Both
