TaxGuyBill
Level 15

@ralphlnafziger wrote:

Ok - sentences forthcoming.

I discovered $2,000 of additional retirement income from a traditional IRA.  That increase was the only line item that changed.  Taxable income increased from $84,030 to $86,030.  Federal tax per Intuit increased $540 and I think it should only increase $440 because both taxable amounts are in the 22% bracket.  Why was the increase $540?.


 

So line 16 of the 1040 increased by that much?  Or are you looking at something else that shows something increased by $540?

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