Deductions & credits

  • My token is 929781
  • I am using Premier.  I purchased a download version for Windows from Costco on 02/01/21.

My questions are:

  1. Why is TT calculating my Federal Tax, 1040 Line 16 as equal to $4879?  Based on the tax tables, this is  off.
  2. Why is TT calculating my Federal Tax, 1040 Line 24 as equal to $0?
  3. Why is TT calculating my Federal Tax, 1060 Line 33 as returning all my withholdings? 
  4. This may be a coincidence, but 1040 Line 16 and Schedule 3, 6f are the same value.  I expected Schedule 3, 6f to be a credit of $7500
  5. This is not a question but interestingly, my state tax, which is based on my Federal Income, appears to be calculating correctly. 

Thank you for your prompt response.