Taxable social security benefits

Forum|Forum|5 years ago
March 20, 2021
9 replies
36 views

After the program update for the exempt unemployment benefits (UCE) it is including the exempt portion in calculating taxable social security benefits although the worksheet says use Line 9 of Schedule 1 which is after the exemption amount. Anyone know if the program is wrong or if the Act requires you to add this back in figuring taxable portion of social security benefits ?

ProSeries Professional

This topic has been closed for replies.

J

janine

Level 5

Great detective work. I do not have an answer to that situation. Can someone help jump in to answer this?

N

nrp

Level 2

I had that same question arise yesterday. The instructions for Line 6b Form 1040 (Taxable Social Security Benefits) have not changed as far as I can see.

It would be nice if someone could clarify this, Im sure it will affect many returns going forward,

And more than likely if I get through to IRS they wont know any more than we do.

.

J

janine

Level 5

LOL this is so true

E

Eddie903

Level 4

Same issue, glad to know I'm not crazy

T

TaxGuyBill

The program is correct.

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/re-another-new-unemployment-bug-2/01/145360

N

nrp

Level 2

the worksheet in proseries should reflect what is included in AGI for taxable social security benefits with the new UCE. And the IRS website should update the worksheet to reflect the changes so us taxpreparers, as well as taxpayers are aware of the changes

N

nrp

Level 2

this is besides the point, but it doesnt seem fair to the SS recipients. The new UCE has a positive effect on EIC so I cant figure out why it wouldnt have a positive effect on the SS recipients.

Sign up

Login with SSO

Let's get you signed in

Login with SSO