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Since pull request #2573 was merged into the master branch on March 15, 2021, the 2020 UI exemption has reduced taxable income but left AGI unchanged. Leaving AGI unchanged is not correct as a reading of 2020 Form 1040 and its Schedule 1 makes clear. The incorrect AGI amount for some people can cause incorrect tax calculations when AGI is used for some purpose (like to phase-out credits).
The text was updated successfully, but these errors were encountered:
Since pull request #2573 was merged into the master branch on March 15, 2021, the 2020 UI exemption has reduced taxable income but left AGI unchanged. Leaving AGI unchanged is not correct as a reading of 2020 Form 1040 and its Schedule 1 makes clear. The incorrect AGI amount for some people can cause incorrect tax calculations when AGI is used for some purpose (like to phase-out credits).
The text was updated successfully, but these errors were encountered: