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Reply to "Biden’s Debt Forgiveness: How to Determine Income Eligibility from the 1040"
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[quote=Anonymous][quote=Anonymous]So my D just graduated and does not have a job yet. She will have a low income in 2022 (probably only 3-4 months of salary) around $30K. Will she qualify. [/quote] What I read said that income from 2020 or 2021 would be reported. In 2021, she was still a dependent of yours? In which case YOUR 2020 or 2021 AGI would be used to determine eligibility. All of this is hypothetical though until the actual details are announced. But it is my best guess.[/quote]
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