Hal_Al
Level 15

Deductions & credits

The $16,000 was NOT the amount of income  tax you paid on the $40,000 bonus (and hence not the amount you will get back with the 2020 credit).  It was only the additional  withholding (FICA and estimated income tax) . 

 

If you have download  (not  online) 2019 Turbotax, you can use it to calculate your credit.  Simply reduce your income by $40K and compare the new refund (or balance due) amount to the old.   Or, you can use this tool:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1

to recalculate your 2019 tax  liability, without the $40K.