ThomasM125
Expert Alumni

Business & farm

It is possible that you have an earned income credit. The credit reduces your tax but it can be reduced when your income decreases. That can cause your tax to increase when your income decreases.

 

You can look on line 27(a) on your form 1040 to see if you have it. 

 

You can view your form 1040 while working in the online version of TurboTax by following these steps:

 

While working on your return in the Federal section of TurboTax:

 

   1.  Choose the Tax Tools icon on your left menu bar

   2.  Tools

   3.  View Tax Summary

   4.  Choose the Preview my 1040 on your left menu bar

 

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