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Tax people. A question please.

Posted by ty97 Feb 4 '22, 12:44

Publication 915, Worksheet 1. Figuring Your Taxable Benefits (see page 16 of the Pub 915 PDF for a blank copy of this worksheet)

Line 11 says "11. Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2021 . . . "

Line 12 then says to subtract Line 11 from Line 10.

What is Line 11? What is this (for example) 12,000 if married filing jointly? What does this number signify?

https://www.irs.gov/pub/irs-pdf/p915.pdf (www.irs.gov)

Responses:

Looks like the amount excluded from taxation, but that should have been described a lot more clearly. -- nm - Max Feb 4, 12:52 1
- I can't find any source or explainer for this amount. -- nm - ty97 Feb 4, 12:56

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Tax people. A question please.

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