 Income tax 2021-2022, IRA distribution. Get ready to get refunds to the max diving into income tax 2021-2022. Here we are in the income tax formula, still focused on line one, the income line. It's still looking deceptively simple with just one line. But remember, this is the summary formula. Many different things could feed into it. If you're thinking about this, it's basically the summary of the 1040. Many other schedules can flow into each of the lines. The income line, in other words, could be supported for us with schedules such as schedule one, schedule C, schedule D, schedule E, and so on. This is the first page of the 1040. We're focused here on for a, IRA distributions for B. And that's going to be the taxable amount of the IRA distributions. When you're thinking about the IRAs, we've got two sides that are going to have tax implications. We've got us putting money into the individual retirement accounts.