JohnB5677
Employee Tax Expert

Deductions & credits

Yes, that is correct.

 

The deduction is not on the front of your return.

It is on line 13b of the second page of your 1040.

 

You can view your 1040 tax return and the supporting three schedules in the online version of TurboTax.

  1. On the left menu, scroll down to Tax Tools.
  2. If necessary, click the side arrow and select Tools. 
  3. A box will appear in the middle of the screen.
  4. Select View Tax Summary.
  5. A tax summary will appear.
  6. On the left side menu bar, select Preview My 1040.
  7. This will bring up a copy of your 1040 Tax return.
  8. If you continue to scroll down, Schedules 1,2 & 3 are available if they are required.

Some key numbers on the form are:

  • Taxable income is line 15
  • Total tax is line 24
  • Federal Income Tax withheld is line 25d
  • Tax credits are listed on 27 - 30
  • If there was an underpayment, there may be a penalty
  • Refund is posted to line 34
  • The amount you Owe is line 37
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