Corrections to the 2022 Publication 525

 

Aviso: Contenido Histórico


Este es un documento de archivo o histórico y puede no reflejar la ley, las políticas o los procedimientos actuales.

If you viewed or downloaded the 2022 Pub. 525, before February 13, 2023, please note the following corrections to pages 25 and 26.

Page 25, Itemized Deduction Recoveries

Item 3

3. The amount on your 2021 Form 1040, line 13, was more than the amount on your 2021 Form 1040, line 11 minus line 12c.

Item 9

9. You could be claimed as a dependent by someone else in 2021.

Page 26

Example 32

You filed a joint return on Form 1040 for 2021 with taxable income of $45,000. Your itemized deductions were $25,350. The standard deduction that you could have claimed was $25,100. In 2021, you recovered $2,100 of your 2021 itemized deductions. None of the recoveries were more than the actual deductions for 2021. Include $250 of the recoveries in your 2022 income. This is the smaller of your recoveries ($2,100) or the amount by which your itemized deductions were more than the standard deduction ($25,350 − $25,100 = $250).

Example 33

The facts are the same as in Example 32, except line 14 was $200 more than line 11 on your 2021 Form 1040, giving you a negative taxable income of $200. You must include $50 in your 2022 income, rather than $250.