Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Taxability of social security and the unemployment exclusion

nmr12354
Level 3

Client age 69 received social security and unemployment. Client does not meet the income requirements for the full 85% of social security being taxed.

After the update for the $10,200 exclusion in ProSeries, the income went down but the amount of social security being taxed went up.

Is the taxability of social security linked to the exclusion? The social security benefits worksheet, line 3 seems to be off the value of the exclusion.

Am I missing something?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
itonewbie
Level 15

Yes, it's linked because the definition of MAGI has been modified by conformity amendments of the ARP.  See this thread for a more in-depth discussion:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/re-another-new-unemploy...

---------------------------------------------------------------------------------
Still an AllStar