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    changes in unemployment compensation taxability?

    vcrcpa
    Level 2
    ‎06-08-2021 10:47 AM

    I can't find anything on this....reran a tax return today and now proseries has calculated all unemployment benefits as non-taxable....last week it computed tax on benefits over the $10200.  What has changed?  

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    1 Solution

    Accepted Solutions
    abctax55
    Level 15
    ‎06-08-2021 11:46 AM

    Specifically look at Q4:

    https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs-topic-a-eligibility

    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"

    View solution in original post

    5 Comments 5
    IRonMaN
    Level 15
    ‎06-08-2021 10:57 AM

    Community property state?


    Slava Ukraini!
    vcrcpa
    Level 2
    ‎06-08-2021 10:57 AM

    yes, texas

    IRonMaN
    Level 15
    ‎06-08-2021 11:41 AM

    The rules change as we go ----------- 

    IRS CONFIRMS MFS SPLIT SCHEME FOR UNEMPLOYMENT DED... - Intuit Accountants Community


    Slava Ukraini!
    abctax55
    Level 15
    ‎06-08-2021 11:46 AM

    Specifically look at Q4:

    https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs-topic-a-eligibility

    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"
    vcrcpa
    Level 2
    ‎06-08-2021 12:42 PM

    Thanks so much!  

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