Deductions & credits

I am confident that TurboTax selected the proper deduction for you: 

however, what concerns me is that you said you owe $7,000 more in 2023 than you did in 2022.  

That gap would not be caused by the deduction.

I suggest that you go back through your paperwork (especially 1099-R's) and 

see if you had taxes withheld that you didn't include on your tax return.

This will be in Box 4 of the 1099-R.

If you have your 2022 tax return, you can compare it with the 2023.

You can preview your tax return by going to:

1. On the menu bar on the left that shows.
2. Select Tax Tools
3. On the drop-down select Tools
4. On the popup menu
5. Select View Tax Summary
6. On the left sidebar
7. Select Preview my 1040.
8. Schedules 1,2 & 3 are included if you scroll down past your 1040.
9. To return to the entry screens press Back on the sidebar.

Some key numbers on your 1040 tax return are:

Line 15 - Taxable Income

Line 24 - Total Tax.

Line 25 d - Withholdings.

Line 26 - Estimated tax payments

Line 33 - Payments including Credits.

Line 34 - Overpayments.

Line 37 - Tax owed.

Please contact us again with any additional questions or to provide some additional details.