Filing an amended 2022 Federal return by adding $2,880.00 in Qualified Dividends (with corresponding $2,880.00 listed as Ordinary Dividends). My Federal Tax increased by $971 or a 33.71% increase. My AGI increased by $5,331. How is this possible?
02257
2 Replies
SteamTrain
Level 15
Apr 4, 2023 4:39:48 PM
One thing I can think of...if you are getting SS income, check line 6b of yoru form 1040.
The increased income may have also increased the % of your SS that is getting taxed too.
Mike9241
Level 15
Apr 4, 2023 6:50:48 PM
look at the 1040 before and after to see what changed. increasing income can alter some other items in computing AGI.