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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:
- Why is TT calculating my Federal Tax, 1040 Line 16 as equal to $4879? Based on the tax tables, this is off.
- Why is TT calculating my Federal Tax, 1040 Line 24 as equal to $0?
- Why is TT calculating my Federal Tax, 1060 Line 33 as returning all my withholdings?
- 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
- 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.
‎February 21, 2022
8:43 AM