turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jlidke
New Member

What is "Tax expense" on Tax History Report?

What is "Tax expense" on Five Year Tax History Report?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies
RobertB4444
Expert Alumni

What is "Tax expense" on Tax History Report?

The amount that you owed in taxes prior to the application of your payments and credits.

 

@jlidke 

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

What is "Tax expense" on Tax History Report?

I believe that is the line identified as Tax, not Tax Expense. So the question remains, what is Tax Expense?

CarissaM
Intuit Alumni

What is "Tax expense" on Tax History Report?

@AnnetteB gives a great explanation of this here. @jlidke @BW1107 

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

What is "Tax expense" on Tax History Report?

You refer to Annette's answer from back in 2019 that I do not think answers this question.  Her answer indicates that the Five Year Tax History report, the TAX EXPENSE row, refers to one's Schedule A itemized deductions.  I have no itemized deductions, yet there is an amount in the 2022 column for TAX EXPENSE that I can't validate.  Can someone still answer this question?  I don't think it has any connection to Schedule A. 

ThomasM125
Expert Alumni

What is "Tax expense" on Tax History Report?

Taxes that would be deductible on your federal tax return would be state income tax, sales tax and property taxes. They would all be deductible on schedule A. The state income tax would be picked up from your tax withheld as reported in box 17 and 19 on your W-2 form. They may be listed on the tax history report even though you take the standard deduction.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies