Some tax credits are based on your income and if you have self-employed expenses that lower your income, they lower the refundable tax credit.
You can preview the information on your 1040 form by clicking on Tax Tools, on the left
- Select Tools
- Then select View Tax Summary, first on the list under Helpful Links. This will show basic information about the return.
- In the upper left-hand area, in the menu, click on Preview My 1040
- This will show a picture of the information on the tax form and there is a vertical scroll bar on the right-hand side, to scroll down the return.
Some key numbers on your 1040 tax return are:
Line 15 - Taxable Income
Line 24 - Total Tax
Line 25 - Withholdings
Line 33 - Payments including Credits
Line 34 - Overpayments
Line 37 - Tax owed
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