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Level 3
March 19, 2021
Question

I have a return with a single taxpayer with an AGI of $82000. Today's update excluded his $8200 of unemployment income.

  • March 19, 2021
  • 9 replies
  • 42 views

I thought the exclusion was only available to couples with less than $150,000 AGI and individuals with less than $75,000 AGI.

This topic has been closed for replies.

9 replies

Camp1040
Level 10
March 19, 2021

$150,000 Across the board....less thinking, more reading.

Level 2
March 19, 2021

From what I see do not like solution or if works properly.  calculation of MAGI and AGI removes the  

$10,200 for all calculation, however, for taxable amount of social security it does not reduce the amount for the 10,200.   

Old and disabled hurt again

March 19, 2021

@Keet wrote:

calculation of MAGI and AGI removes the 10,200 for all calculation, however, for taxable amount of social security it does not reduce the amount for the 10,200.   


There are 7 MAGI calculations (including taxable Social Security) that use the FULL amount Unemployment.  The $10,200 exclusion does not affect those calculations.