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jclark11
Level 3
March 19, 2021
Question

So if I have clients who exceed the 150K limit for unemployment should I file them separate. UGH

  • March 19, 2021
  • 3 replies
  • 13 views
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3 replies

March 19, 2021

You should check if filing as Married Filing Separately would give a better result.  Even if filing MFS allows the Unemployment Exclusion, that doesn't necessarily mean the overall result will be better.

jclark11
jclark11Author
Level 3
March 19, 2021

I had figured that but now more calculations to figure out which is better. You would have thought mfs would have had different limitation.

BobKamman
Level 15
March 19, 2021

Are you in a community-property state?  That makes it even more fun.