Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

unemployment side benefits

Level 1

Client HOH 1 child $42880 AGI includes $8128 unemployment. removing unemployment by neg amount on line 8 results in EIC of $1115 and reduction of penalty on 8962 of $404.plus the unemployment is not taxable. It just don`t seem right. and I am a liberal.

0 Cheers
2 Replies 2
Level 15

Which program are you using? I see that Lacerte and ProConnect should roll out their update this Thursday. You can then let the software do the math. That's what you paid for.

"Level Up" is a gaming function, not a real life function.
Level 13

You must have been a conservative back in the Reagan era.  Before that, unemployment was not taxable.  It was considered kicking someone when they were down.