Question

$10.200 credit for unemployment - Massachusetts

Forum|Forum|5 years ago
March 10, 2021
1 reply
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Wife and I were both on unemployment, but our AGI for 2020 was over $150K (including unemployment)

2 daughters were also on unemployment (one was pandemic, one was regular). Their AGIs were far below $75K.

When the new bill passes, can my wife and I reduce our unemployment by $10,200? Can my daughters?

X

xmasbaby0

Employee

No you cannot just reduce your unemployment amounts and file with information that does not match your 1099G's.

That tax law has not yet been signed into law by the President. When that happens then the IRS will need to change the tax forms, the programmers have to change the software, and then the IRS has to approve of their software. That will take time---we do not know yet when all of those changes will be accomplished. As soon as more is known, TurboTax will provide information. The software changes will take weeks or even several months.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**