Henry lost his job on September 3, 2021. He received $13,000 of unemployment compensation during...
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Accounting
Henry lost his job on September 3, 2021. He received $13,000 of unemployment compensation during the last few months of the year. His 2021 AGI does not exceed $150,000. Under current law, how much of his unemployment benefits may he exclude from his 2021 income? $0. Under current law, the exclusion for unemployment applies to 2020 only. $6,500. $10,200. $13,000.
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