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Retirement tax questions
It's showing your total income and also the amount of the credit.
The credit is calculated on your Adjusted Gross Income.
It's just the way the programmers decided to show it. I assume if they only showed AGI, many people would be confused and think the program was not counting all their income.
If you look at your 1040 line 11 for your AGI, I'm sure you'll see that the credit was calculated using that amount.
HERE is how the Savor's Credit is computed
HERE is a link with more information from TurboTax
HERE is a link for how to look at your 1040 Online (Desktop users simply switch to Forms on the top right corner of the Home Screen)
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March 4, 2025
2:09 PM