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.

Answer rating: 100% (QA)

SOLUTION ANSWER As per IRS regulation unemploymen... View the full answer