in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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Using TurboTax Online, you can use the left hand menu to navigate to Tax Tools> Tools> Tax Summary. Alternatively, and my favorite, in the left hand menu, navigate to the Review menu. After a quick error check, you will get "your tax summary." There is a drown arrow that will show total Income, Deductions, Taxable Income, Blended Tax Rate, and Tax Liability.
TurboTax uses various methods to calculate your tax liability depending on the specifics of your tax situation. To see how your taxes are computed, you can look at the worksheets used by TurboTax.
How to see how the tax was calculated and the tax computation worksheets, in TurboTax, depends on which version you're using; TurboTax Online or the desktop software,
To locate these worksheets and see how the tax is calculated, follow the steps below for your version of TurboTax:
For TurboTax Online:
For TurboTax Desktop,
Please feel free to reach backout with any additional questions or concerns you might have!
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