pamdory
Level 8
03-25-2021
08:13 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Lacerte's calculation is correct. The IRS guidance, as updated 03/23/2021, states that taxable Social Security should be calculated using Unemployment income without the $10,200 reduction.
https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation