Client HOH 1 child $42880 AGI includes $8128 unemployment. removing unemployment by neg amount on line 8 results in EIC of $1115 and reduction of penalty on 8962 of $404.plus the unemployment is not taxable. It just don`t seem right. and I am a liberal.
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Which program are you using? I see that Lacerte and ProConnect should roll out their update this Thursday. You can then let the software do the math. That's what you paid for.
You must have been a conservative back in the Reagan era. Before that, unemployment was not taxable. It was considered kicking someone when they were down.
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