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lundtj-min
Returning Member

Can this be accurate, tax last year $64, this year $5991??? no radical change from last year

 
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1 Best answer

Accepted Solutions
ChristieB
New Member

Can this be accurate, tax last year $64, this year $5991??? no radical change from last year

Before you submit your return, I would recommend reviewing all of the entries you have made (W-2, 1099-MISC, etc) for data entry errors, such as commas instead of decimal points or extra digits added. 

Edited to add: Also, if you have access to your 2017 return, you could compare it to your numbers from this year return. The lines are slightly different due to tax reform changes, but it might help you narrow down if there are any specific areas that are much higher or lower in contrast to last year's values. 

You can preview your Form 1040 in the TurboTax online version by taking the following steps: 

1.) On the left-hand side of your screen, click Tax Tools

2.) Click Tools

3.) On the window that pops up, click View Tax Summary

4.) On the left-hand side of your screen, click Preview My 1040

If you are using the Desktop version of TurboTax, you can click on Forms in the upper right-hand corner and then select Form 1040 from the left-hand menu. 

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3 Replies

Can this be accurate, tax last year $64, this year $5991??? no radical change from last year

Tax laws changed (many people lost a hefty amount of deductions) as well as withholdings were lowered....seems like an awfully large swing, but its possible.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Can this be accurate, tax last year $64, this year $5991??? no radical change from last year

Same here.  The rich got the break. We lower income people got whacked. 360 last year 3230 this year with little change as I am long retired.
ChristieB
New Member

Can this be accurate, tax last year $64, this year $5991??? no radical change from last year

Before you submit your return, I would recommend reviewing all of the entries you have made (W-2, 1099-MISC, etc) for data entry errors, such as commas instead of decimal points or extra digits added. 

Edited to add: Also, if you have access to your 2017 return, you could compare it to your numbers from this year return. The lines are slightly different due to tax reform changes, but it might help you narrow down if there are any specific areas that are much higher or lower in contrast to last year's values. 

You can preview your Form 1040 in the TurboTax online version by taking the following steps: 

1.) On the left-hand side of your screen, click Tax Tools

2.) Click Tools

3.) On the window that pops up, click View Tax Summary

4.) On the left-hand side of your screen, click Preview My 1040

If you are using the Desktop version of TurboTax, you can click on Forms in the upper right-hand corner and then select Form 1040 from the left-hand menu. 

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