One possibility is you had an earned income credit before you enetered the interest income and the additional unearned income removed your eligibility for it. Once your unearned income goes over $10,300 in 2022 your earned income credit is not allowed, so even a one dollar increase in income can remove a large earned income credit and dramatically increase your net tax.
You can look on line 27 of your form 1040 to see if you had an earned income credit before you entered your interest income.
You can view your form 1040 and schedules 1 to 3 while working in the online version of TurboTax by following these steps:
- Click on Tax Tools in the left menu bar
- Click on Tools
- Look under Other Helpful links….
- Choose View Tax Summary
- Look in the left menu bar and choose Preview my 1040
- Scroll down the page to see form 1040 and schedules 1 to 3
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