What Is the tax lane 16 for person 65 and older? Z Add lines 1a through 1h

What Is the tax lane 16 for person 65 and older?

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Z Add lines 1a through 1h 1z 57,500 2a Tax-exempt interest . . 2a b Taxable interest . . 2b 25 3,470 3a Qualified dividends.. За 4,000 ✔ 4a IRA distributions . . 4a b Ordinary dividends . . . b Taxable amount . . . 3b 4,100 4b 5a Pensions and annuities 5a b Taxable amount . . 5b 6a Social security benefits ба b Taxable amount . . . 6b C If you elect to use the lump-sum election method, check here (see instructions). 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here. 7 -3,000 8 Other income from Schedule 1, line 10 . . . . 8 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1, line 26 9 62,070 10 11 Subtract line 10 from line 9. This is your adjusted gross income... 11 62,070 ✔ 12 Standard deduction or itemized deductions (from Schedule A) 12 14,700 ✓ 13 Qualified business income deduction from Form 8995 or Form 8995-A.. 13 14 Add lines 12 and 13 . . . 14 14,700 15 47,370 15 Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income. ivacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 71930F Form 1040-SR (2022) 2) 16 Tax (see instructions). Check if any form: 1Form(s) 8814 2 Form 4972 30 Page 2 16 6,040 X Z Add lines 1a through 1h 1z 57,500 2a Tax-exempt interest . . 2a b Taxable interest . . 2b 25 3,470 3a Qualified dividends.. За 4,000 ✔ 4a IRA distributions . . 4a b Ordinary dividends . . . b Taxable amount . . . 3b 4,100 4b 5a Pensions and annuities 5a b Taxable amount . . 5b 6a Social security benefits ба b Taxable amount . . . 6b C If you elect to use the lump-sum election method, check here (see instructions). 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here. 7 -3,000 8 Other income from Schedule 1, line 10 . . . . 8 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1, line 26 9 62,070 10 11 Subtract line 10 from line 9. This is your adjusted gross income... 11 62,070 ✔ 12 Standard deduction or itemized deductions (from Schedule A) 12 14,700 ✓ 13 Qualified business income deduction from Form 8995 or Form 8995-A.. 13 14 Add lines 12 and 13 . . . 14 14,700 15 47,370 15 Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income. ivacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 71930F Form 1040-SR (2022) 2) 16 Tax (see instructions). Check if any form: 1Form(s) 8814 2 Form 4972 30 Page 2 16 6,040 X Z Add lines 1a through 1h 1z 57,500 2a Tax-exempt interest . . 2a b Taxable interest . . 2b 25 3,470 3a Qualified dividends.. За 4,000 ✔ 4a IRA distributions . . 4a b Ordinary dividends . . . b Taxable amount . . . 3b 4,100 4b 5a Pensions and annuities 5a b Taxable amount . . 5b 6a Social security benefits ба b Taxable amount . . . 6b C If you elect to use the lump-sum election method, check here (see instructions). 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here. 7 -3,000 8 Other income from Schedule 1, line 10 . . . . 8 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1, line 26 9 62,070 10 11 Subtract line 10 from line 9. This is your adjusted gross income... 11 62,070 ✔ 12 Standard deduction or itemized deductions (from Schedule A) 12 14,700 ✓ 13 Qualified business income deduction from Form 8995 or Form 8995-A.. 13 14 Add lines 12 and 13 . . . 14 14,700 15 47,370 15 Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income. ivacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 71930F Form 1040-SR (2022) 2) 16 Tax (see instructions). Check if any form: 1Form(s) 8814 2 Form 4972 30 Page 2 16 6,040 X Z Add lines 1a through 1h 1z 57,500 2a Tax-exempt interest . . 2a b Taxable interest . . 2b 25 3,470 3a Qualified dividends.. За 4,000 ✔ 4a IRA distributions . . 4a b Ordinary dividends . . . b Taxable amount . . . 3b 4,100 4b 5a Pensions and annuities 5a b Taxable amount . . 5b 6a Social security benefits ба b Taxable amount . . . 6b C If you elect to use the lump-sum election method, check here (see instructions). 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here. 7 -3,000 8 Other income from Schedule 1, line 10 . . . . 8 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1, line 26 9 62,070 10 11 Subtract line 10 from line 9. This is your adjusted gross income... 11 62,070 ✔ 12 Standard deduction or itemized deductions (from Schedule A) 12 14,700 ✓ 13 Qualified business income deduction from Form 8995 or Form 8995-A.. 13 14 Add lines 12 and 13 . . . 14 14,700 15 47,370 15 Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income. ivacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 71930F Form 1040-SR (2022) 2) 16 Tax (see instructions). Check if any form: 1Form(s) 8814 2 Form 4972 30 Page 2 16 6,040 X

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Based on the information provided in the tax form the appropriate tax amount for line 16 for a ... View the full answer