I missed a W2 of my wife's for $4500 when I originally filed my taxes. When I use turbotax online to file the amendment the net change to line 1 is $8400. Where did turbotax come up with the extra $3900?
Any help would be greatly appreciated!
Thanks
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Did either of you also receive Social Security benefits? If so, more of that may have become taxable as a result of the additional W-2 income.
That's it!
For some reason I thought we were at the max for taxable SS but that wasn't the case. I found this IRS link to manually calculate my taxable SS:
https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable
Sure enough, adding a w2 for $4500 increased my taxable SS by $3900.
Thanks so much SweetieJean!! Your a life-saver!
Did either of you also receive Social Security benefits? If so, more of that may have become taxable as a result of the additional W-2 income.
That's it!
For some reason I thought we were at the max for taxable SS but that wasn't the case. I found this IRS link to manually calculate my taxable SS:
https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable
Sure enough, adding a w2 for $4500 increased my taxable SS by $3900.
Thanks so much SweetieJean!! Your a life-saver!
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