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3 Answers

Which line on the 1040 is my income after taxes?

Asked by: samserio 538 views YA Discussion

Someone prepared my taxes for me. Now I need to know what my wife and I income after taxes was. This is an emergency need, please help. Have the 1040 and w2′s in front of me but cannot figure it out.

How others found here:

  • 1040 income after taxes is on which line
  • what line on your federal tax 1040 is your federal taxable income
  • What line on for 1040 indicates your taxable incom

3 Answers



  1. Bobbie on Sep 09, 2012 Reply

    And yes this could be a problem for you at this time since you are looking at your 1040 income tax return by your self and trying to figure out your income AFTER which TAXES amount for this purpose are really looking for at this time in your life.
    Page 2 Line 43 of your 1040 income tax return would be your TAXABLE income amount RIGHT.
    Then your total federal liability tax amounts on your 1040 income tax return ONLY would be on the Line 61 of the page 2 of your 1040 income tax return that you have in your hand RIGHT.
    So NOW you would subtract the line 61 TOTAL TAX amount from the TAXABLE INCOME amount on the Line 43 and then at that point you should know what your income is for the the 2011 tax year after ALL of your FEDERAL taxes should have been paid for the amount of your TOTAL income that you did report correctly on your 1040 income tax return for the 2011 tax year at this time in your life.
    And of course you did also did have your tax free income amounts standard deduction for the MFJ status and the exemption amounts for each qualified exemption that was claimed that was free of the FIT on your 1040 income tax return for the 2011 tax year RIGHT.
    Hope that you find the above enclosed information useful. 09/09/2012

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  2. StephenWeinstein on Sep 09, 2012 Reply

    None. Income after taxes is never shown on any line of the 1040.

    If you want to calculate income after taxes, you have to

    1. Look at the “total income” line on the 1040, which has income before taxes.
    2. Find the total amount of social security taxes, on the W-2.
    3. Find the total amount of medicare taxes, on the W-2.
    4. Find the total amount of federal income taxes, on the “total taxes” line of the 1040.
    5. Also find the amounts of state and local taxes, which may be only on your state tax return, and not on the 1040.
    6. Subtract all the taxes from the “total” income. Income after taxes = income before taxes minus the total of all the taxes.
    7. When you finish, look back at the 1040 and see if the number you calculated is anywhere on the 1040. If it is, then the number is wrong. Income after taxes is always a number that is NOT on the 1040.

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  3. tro on Sep 09, 2012 Reply

    there isn’t a line for after taxes income

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