You can preview your return before filing to find out how your taxes were calculated. The refund meter may not always be updated immediately to match your entries.
You can view your entire return or just your 1040 form before you e-file:
- Sign in to your TurboTax account.
- Open or continue your return.
- Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner).
- With the Tax Tools menu open, you can then:
- Preview your entire return: Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first).
- View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.
See here for more details.
If the results still aren't what you expected, go back to the interest deduction section and review the entire interview. There are several questions that, if answered incorrectly, will change the amount of the deduction.
Taxes are often calculated using a different method than the tax tables. For example, if you have capital gains, the tax on those is calculated at the capital gain rate for your income level. If you are self-employed, you may have self-employment taxes in addition to income taxes. Self-employment taxes wouldn't be affected by the amount of your itemized deductions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
