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Why would Social Security benefit line 20b increase when I only amended my FED. to increase line 15b (IRA distribution)?
Line 15b was increase by 2,139, which is an additional IRS Distribution that was omitted the first time filing.
I prepared an amended the Fed line 15b for the gross of the distribution.
Line 20a ( Social Security benefit did not change, BUT 20b increased by 1,818..
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Why would Social Security benefit line 20b increase when I only amended my FED. to increase line 15b (IRA distribution)?
The amount of your Social Security income that is taxable depends on the amount of your other income. $1,818 equals 85% of $2,139 and is exactly the amount that the taxable amount of your Social Security income would be expected to increase.
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Why would Social Security benefit line 20b increase when I only amended my FED. to increase line 15b (IRA distribution)?
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Why would Social Security benefit line 20b increase when I only amended my FED. to increase line 15b (IRA distribution)?
The amount of your Social Security income that is taxable depends on the amount of your other income. $1,818 equals 85% of $2,139 and is exactly the amount that the taxable amount of your Social Security income would be expected to increase.
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