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Should the non-taxable unemployment compensation be excluded from income on line 3 of the Taxable Social Security Benefits worksheet?

bphelon
Level 1
The 2020 IRS instructions say to use the Schedule 1 line 9 in the calculation - but Proconnect appears to be using Schedule 1 line 9 PLUS the excludible unemployment compensation
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2 Comments 2
George4Tacks
Level 15

Schedule 1 line 7 should be UI (a positive), Line 8 should be UCE (a negative). Look more closely at the IRS instructions. https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

 


Here's wishing you many Happy Returns
TaxGuyBill
Level 15

The program is correct.

You are looking at the Instructions that were made BEFORE the new law came out.  The IRS has not yet released a new version.