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You can find “Federal Income Tax After Non-refundable Credits” on your 2021 Form 1040, line 22 (Subtract line 21 from line 19).
Thank you for the response, but I believe the 2021 IA 1040 line 22 refers to "moving expense deduction".
The Federal Income Tax After Non-Refundable Credits would be located on the IRS 1040. It is on line 22 of the Federal Income 1040 return, not the IA 1040. The calculation is done by subtracting line 21 (total of nonrefundable credits) from line 18, total tax.
How do you calculate/divide it between husband and wife based on income ratio? I had my taxes professionally done last year and attempting Turbo this year. Thanks!
If you filed a joint federal return last year, the easiest way would be to apply the percentage of each's income to total income and apply that percentage to the amount that shows on Line 22 of your 1040. As it apparently applies to only Federal Income Tax, the amount on line 23 should not be included.
Thank you! When I add those numbers in the Iowa return portion, it ups our state return by a good amount so I just want to make sure I'm doing it right. 🙂
Turbo tax pulled the data from line 24 (Total Tax). This is contrary to what the answer is.
leaving this number or using the number from line 22 jumps the return. From paying a few hundred to a refund of a couple thousand. Does that seem correct?
I dont think this is right. Did you end up filing this way? I think it is taxes paid for prior year(s). NOT for taxes paid in 2 years prior. So if I am filing for 2023, and I paid taxes in 2023 for 2022 or prior, THAT is deductible. If I paid taxes in 2022 for 2022, that is NOT deductible.
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