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Unemployment Insurance exclusion for married taxpayers, and PPP loan and IRA extensions

#IRS #PPPLoans #IRA #TAXES


Unemployment Insurance exclusion for married taxpayers, and PPP loan and IRA extensions

失業保險不包括已婚納稅人,薪資保護貸款計劃和個人退休金帳戶截止日延期




If a married couple's combined Adjusted Gross Income (AGI) (calculated without any UI compensation) is below $150,000, then Married Filing Jointly (MFJ) taxpayers may exclude up to $20,400 of unemployment income even if one of the spouses had less than $10,200 in UI and the other spouse had more than $10,200. That is because California is a community property state and the Tax Court has recognized that UI is treated as community property. However, your tax software may not properly split this income, and could improperly limit the exclusion if one spouse received less than $10,200. Tax professionals need to watch out for this and apply a manual override in this situation.

如果已婚夫婦的調整後總收入(AGI)的總和(未計算任何失業保險UI補償)低於$150,000美元,那麼即使其中一位配偶的UI低於$10,200美元,而另一位配偶的UI高於$10,200美元,已婚聯合納稅人(MFJ)最高$20,400美元的失業金收入可以不計算在內。這是因為加州是一個認同共同財產的州,而稅法已經承認UI被視為共同財產。但是你的報稅系統可能無法正確分配這筆收入,並且,如果配偶的收入少於$10,200美元,可能會錯誤的限制此項免稅額。稅務專員需要注意這一點,在這種情況下需要直接輸入該筆收入。


Married taxpayers with AGI above the $150,000 may file MFS to bring their AGI below the limit, which allows them to each claim up to the $10,200 maximum exclusion.

AGI超過$150,000美元的已婚納稅人可以申請MFS來幫助他們的AGI低於限額,這樣夫妻雙方都可以獲得最高$10,200美元的免稅額。


To that end, SACPAA recommends consider filing MFS for couples with AGI over $150,000, and split the unemployment income to maximize the exclusion;

為此,SACPAA建議考慮為AGI高於$150,000美元的夫妻申請MFS,並最大額度的分配失業金已符合免稅額要求。


If you are filing an extension for couples, we suggest filing extensions for each spouse separately, which makes clear that they can either file joint or separate when filing the extended return;

如果申請延期夫妻聯合報稅,我們建議分別為夫妻雙方申請延期,這樣在申請延期報稅的時候,夫妻可以選擇聯合報稅,或者分開報稅。

If you already filed a 2020 return for one of these couples, and wish to file a superseding return changing the MFJ filing status to MFS, you must file it on or before May 17, 2021; and

Remember, married taxpayers who file separate may always amend to file joint as long as the statute of limitations is open.

如果有的夫妻已經完成了2020的報稅,但是希望用MFS代替MFJ來重新申報,則必須在2021年5月17日或以前提交申請。請謹記,已婚的報稅人各自分開報稅,只要在時效規定內,都可以更改為夫妻聯合報稅。


PPP loans

薪資保護貸款計劃


The Senate sent H.R. 1799, the PPP Extension Act of 2021 (PEA), to the President on March 25. The President is expected to sign the act, which extends the deadline to file for both first and second draw PPP loans from March 31 to May 31, 2021.

參議院於3月25日向總統提交了H.R.1799,即延期2021年薪資保護貸款計劃法案。預計總統會簽署該法案,該法案將申請第一次和第二次的薪資保護貸款計劃的截止日期2021年3月25日延長到2021年5月31日。


IRA/HSA extensions

個人退休金帳戶/健康儲蓄金帳戶截止日延期


At an IRS Liaison Stakeholder meeting held on March 24, the IRS confirmed that the IRA/HSA contribution deadline has been extended to May 17, 2021, the extended date for filing individual tax return.

在3月24日舉行的國稅局相關連絡會議上,國稅局確認個人退休金帳戶/健康儲蓄金帳戶的供款截止日期延長到2021年5月17日,也是申報個人納稅的截止日期。



Source 文章來源: SACPAA - Sino-American Certified Public Accountants Association

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