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Lev
Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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I need help with form 8962, line 2a. Am I supposed to subtract

Customer Question

I need help with form 8962, line 2a. Am I supposed to subtract form 1040, line 20b from form 1040, line 20a ?
Submitted: 7 months ago.
Category: Tax
Expert:  Lev replied 7 months ago.
You need to use the worksheet next to figure your modified AGI from your tax return.That worksheet may be found on page 6 in instructionshttps://www.irs.gov/pub/irs-pdf/i8962.pdf
Expert:  Lev replied 7 months ago.
Regarding social security benefits reported on line 20a and taxable portion of benefits reported on line 20b- you do need to add the differenceFor instanceIf line 20a = $18000 and line 20b = $12,000 -->> the difference is $6000and that amount is listed in worksheet on line 4 and included into AGI..I appreciate if you take a moment to rate the answer.Experts are ONLY credited when answers are rated positively.If you still have any doubts, need clarification - please be sure to ask.I am here to help you with all tax related issues.

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