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Deductions & credits
@RandyK wrote:
Okay, but I need to see how the max number was derived specifically.
Mainly the 1040 line 1 amount plus the schedule 1 line 3 amount minus line 15 and 16.
But as the IRS says can also include commissions, certain alimony and separate maintenance, and nontaxable combat pay.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 14, 2021
4:02 PM