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mrod231
New Member

Why is tax-exempt interest income on form 1040, line 2a added to total income?

 
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1 Best answer

Accepted Solutions

Why is tax-exempt interest income on form 1040, line 2a added to total income?

Line 2a is not added to Taxable income so it is not being taxed. 

It is income only not taxable income, and can make a difference on some other items on the return such as sales tax deduction or taxable amount of social security.


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2 Replies

Why is tax-exempt interest income on form 1040, line 2a added to total income?

Line 2a is not added to Taxable income so it is not being taxed. 

It is income only not taxable income, and can make a difference on some other items on the return such as sales tax deduction or taxable amount of social security.


ChiefRaven
Returning Member

Why is tax-exempt interest income on form 1040, line 2a added to total income?

it is in mine also

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