MayaD
Expert Alumni

Get your taxes done using TurboTax

Your federal tax liability amount is found on Form 1040 (line 24).

Your tax liability is the total amount of tax on your income minus any non-refundable credits, such as the Child Tax Credit, saver’s credit, or dependent care credit, to name a few.

This can also include additional taxes like self-employment tax, household employment tax, and tax penalties such as the 10% early distribution penalty for IRAs.

For more information please check :What does "tax liability" mean?

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