Gross Error

Forum|Forum|5 years ago
February 10, 2021
1 reply
2 views

Simple Joint return with $34,064 income and no taxes paid results in $31,000 refund I cannot find how.

OederNo [removed]

Don't File

Refund Status

xmasbaby0

Level 15

Sounds like a user error with decimals or extra zeros. Have you checked for that? The decimal and the comma are next to each other on the keyboard so it is easy to strike the wrong key. Check your income entries again.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

GeneLaw2901Author

Level 2

THREE ITEMSS OF INCOME ENTERED

WAGES

RETIREMENT (IRA PAYMENTS)

SOCIAL SECURITY

NO TAXES paid

Calculation leaves only retirement taxable (credit given for low income)

wages disappeared and social security turned into tax payments

taxes paid plus credit = refund

How does Social Security turn into payments and what happened to the wages?

I Am glad I STOPPED BEFORE FILING. I THOUGHT YOU WOULD CHECK THE RETURN.

AmyC

Level 15

Social security may have income and taxes paid. Perhaps the amount for taxes withheld was not typed correctly?

Wages should be listed on the tax form, line 1. Social security would be line 6a for the full amount and 6b for the taxable amount.

We do offer the LIVE service where you can have someone review a section for you or you can submit your return online to have someone review it.. See What is a tax expert written response and how do I get one?

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"