Im not seeing where it shows that the 150k needs to be split for single. These IRS instructions dont mention Single or Married...can you provide a link to that information?

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

you are confusing this with the $75,000 limit on economic impact payments.  so far irs has admitted that the $150K applies to both mfj and mfs returns, although watch for an announcement next friday night that they have changed their mind.  

This isn't correct: "MY UNDERSTANDING IS THE $10,200 EXCLUSION IF FOR MFJ"

It's $10,200 per each person on a joint return who collected unemployment. That means if one of them only got $8,000 UI and the other got $15,000, the other does not get to use the $2,200 difference and only has $10,200 excluded.

👍 QB sounds like he is correct again... Doesn't appear to be a real complicated matter to me, just my opinion...

caps lock works.

I think you're correct but the real question is how do you give individuals or couples the credit? Are we going to get another version of the 1040?

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@jgm6520 wrote:

I think you're correct but the real question is how do you give individuals or couples the credit? Are we going to get another version of the 1040?

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I dont understand your question....the IRS issued guidance on how to apply the exclusion, no extra forms or 1040 change needed.

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

There is no worksheet for line 8. Are you just going to put UCE and a negative number for the exclusion on line 8? Or will proseries add a unemployment compensation exclusion worksheet like the instructions issued by the IRS? 

So this will exclude it from the Ohio and school district income. Have they determined they will follow the federal mandate and exclude the first $10,200 as well?

I think the question is...Will the tax program (Proseries) be making any updates to deal with this unemployment compensation situation or are we just to do it manually?