ThomasM125
Employee Tax Expert

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:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online
  2. Choose Tools
  3. Choose View Tax Summary

See what changes and then investigate further, pay close attention to tax credits and special taxes.

 

 

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