JulieS
Expert Alumni

Get your taxes done using TurboTax

Yes, if you add $10,000 of any kind of income into a tax return, it'll change the tax due. 

 

The extra $10,000 can have many impacts throughout your return, such as:

 

  • You may exceed an income threshold for a credit or deduction, resulting in losing it, or it being reduced.
  • Your Alternative Minimum Tax may increase.
  • Your Standard Deduction might be limited. 
  • You might trigger the Net Investment Tax. 

 

 

 

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