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The social security benefits worksheet is including the non-taxable portion of unemployment benefits ($10,200) in the calculation of taxable social security. Is this correct ?
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Is anyone else surprised by how many people collected both Social Security and unemployment last year?
I guess at my age I shouldn't be.
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Really jumped out at me also. Could be sign of the time we are in, or number of working spouses which are younger..
Shows my "experience" i.e. age, doesn't it.
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The IRS just issued new guidance on March 23,2021.After reading the guidance I don't believe it should be included.Does anyone agree with me?How do you interpret the guidance?
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Nothing has changed in that regard. Actually, their revised webpage added and clarified that the calculation of taxable Social Security uses the full amount.