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March 28, 2021
Question

Tax exempt us Savings bonds/unemployment

  • March 28, 2021
  • 1 reply
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I had savings bonds used for higher education but when tried to enter the info on the form 8853 I keep getting an error at the end saying the amount is wrong for the face value of the bonds but I know it is correct and the worksheet won't let me correct.  What am I doing wrong?  I can't finish my taxes! Don't qualify for credits as son is 5th year . 

 

Also, unemployment not suppose to be counted this year?  I didn't see an update on TurboTax yet.  When is that going to happen?   

    1 reply

    Employee
    March 28, 2021

    As for the savings bonds, this is an old post, but might be helpful:

    Solved: "Fix error" message on savings bonds on Form 8815. (solved) (intuit.com)

     

    Up to $10,200 of unemployment comp can be deducted for Federal, so run a program update if using TT Desktop.  But see this re State:

    How is my state taxing unemployment income? (intuit.com)