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Get your taxes done using TurboTax
It may have to do with a credit or tax that is dependent on an income threshold amount. For instance, if investment income is one penny over $11,000 on your federal return, you can lose an earned income credit which may be worth hundreds of dollars.
I suggest you look at your state tax summary before and after the entry and see what changes. While working on your state tax return in TurboTax do the following:
- Choose Tax Tools from your left menu bar in TurboTax Online
- Choose Tools
- Choose View Tax Summary
See what changes and then investigate further, pay close attention to tax credits and special taxes.
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‎January 30, 2024
1:06 PM