 Income tax 2022-2023. Alimony received. Let's do some wealth preservation with some tax preparation. Most of this information comes from the Form 1040 Instructions Tax Year 2022 Instructions for Schedule 1. Additional income and adjustments to income. Additional income, which you can find at the IRS website, irs.gov, irs.gov. Looking at our income tax formula, we are once again focused on line 1, that being income. Remembering that the first half of the income tax equation is in essence a strange income statement, where we have income minus the equivalent of expenses. Those being the deduction gets us to the equivalent of net income. In this case, taxable income, our objective being the opposite of the normal objective. We want the bottom line taxable income to be as low as possible.