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?
You'll need to sign in or create an account to connect with an expert.
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.
look at the 1040 before and after to see what changed. increasing income can alter some other items in computing AGI.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
laura_borealis
Level 4
mairwin123
Level 2
user17714018069
Level 1
pmichael5
New Member
Woody10
Level 2