TaxGuyBill
Level 15
03-03-2023
11:18 AM
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@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?