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Get your taxes done using TurboTax
@thohman55 What is the amount of taxable income on Line 15 of the Form 1040? And the amount of taxes on Line 16?
The taxes on Line 16 can be calculated differently based on the type of income entered.
Go to the Form 1040 Instructions for Line 16 and see if your taxes are affected by the various taxes that can be applied - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=33
‎January 29, 2025
7:26 AM