Submitted by hedgeslaw 2 weeks ago
The 100% unemployment exclusion from taxable income is based on MAGI not exceeding $150,000 per return so the exclusion on a Married Filing Separately (MFS) would be $150,000 on each return. However, the MFJ vs MFS Worksheet in ProSeries does not compute this properly. Instead, the worksheet incorrectly shows unemployment income as taxable income when the taxpayer's MFS's MAGI is under $150,000 but their joint MAGI is over $150,000. Please fix that as this is critical this filing season.
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