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Level 2
posted Apr 17, 2025 1:28:04 PM

TT did not calculate I owed any taxes and I already filed

There is no way to review your return prior to filing TT Premium online.  When I opened the saved PDF of my 2024 return, to review a different section of my return, I discovered TT did not calculate the amount of taxes I owed based on line 15, taxable income.  Line 16 is blank.  I did not over-ride any calculations. Yes, I earned enough that I do owe taxes based on the IRS tax table publication.  How is this even possible?

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1 Best answer
Level 15
Apr 17, 2025 1:37:57 PM

Did you enter any qualified dividends or capital gains on your tax return?  If so, your taxes are calculated using the Capital Gains and Qualified Dividends Worksheet and not the tax tables.  It is possible that you will not have any taxes owed when the CG&QD worksheet is used.

Go to this IRS Form 1040 Instructions - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=36

 

 You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

3 Replies
Expert Alumni
Apr 17, 2025 1:36:04 PM

Please call TurboTax Customer service.  Here is a link:  Turbo Tax Customer Service 

Level 15
Apr 17, 2025 1:37:57 PM

Did you enter any qualified dividends or capital gains on your tax return?  If so, your taxes are calculated using the Capital Gains and Qualified Dividends Worksheet and not the tax tables.  It is possible that you will not have any taxes owed when the CG&QD worksheet is used.

Go to this IRS Form 1040 Instructions - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=36

 

 You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Level 2
Apr 17, 2025 2:16:11 PM

I reached out to TT support, once I they showed me how to review the return with worksheets I discovered there was a Schedule D tax worksheet and yes, I had qualified Div and long term capital gains.  In the past I also had qualified div and capital gains but this worksheet, "D" did not affect my taxes due to this extent.  Thank you, you are on point!