In 2009 there was a line where you just added the excess over $2400 of UI. I can't imagine a redo of page 1 of 1040 at this late date for a one time adjustment.
Unemployment voting
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Many times I post additional info on the post, Click on "message board" for updated content.Comment
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FWIW - The IRS posted FAQs - FAQs are not official guidance so take as you wish
New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service (irs.gov)Comment
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https://forum.thetaxbook.com/forum/d...119#post305119
While the instructions may work for paper filers, your tax software undoubtedly will not yet provide the correct notation for Schedule 1 Line 8, so still need to wait if efiling. And as others have mentioned, the state tax return may need an adjustment as well, to either duplicate or undo the federal change.
"You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
"That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe HowardComment
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Originally posted by ValRoseYou include the WHOLE UI to determine if the taxpayer has less than $150,000Originally posted by Anarchristif the taxpayer's income, including UI, is $150K or above, not over $150K, they get no UI reversal. It is cut & dry.
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It looks like the form update for today, 24 March, specifically says the UC benefits are not included in determining the modified AGI for this.
"Taxation is the price we pay for failing to build a civilized society." ~ Mark SkousenComment
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