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Level 1
September 24, 2019
Question

What would the Federal and Penn. State taxes be for Head of Household be for 2019 on 9,250,000.00 ?

  • September 24, 2019
  • 4 replies
  • 16 views
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4 replies

DoninGA
Level 15
Level 15
September 24, 2019

You mean for tax year 2018.

There is probably an entry error for the income you reported, either a misplaced decimal point or a comma entered by mistake.

Look at your entries for income in the W-2 section and in the sections for entering a Form 1099 if you received a Form 1099.

 

TurboTax support FAQ for Head of Household - https://ttlc.intuit.com/community/family/help/do-i-qualify-for-head-of-household/01/25539

Level 15
September 24, 2019

".....on 9,250,000.00 ?"

 

If your income was more than nine million dollars you should not be trying to prepare your own tax return.  You should have an excellent paid tax professional.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DoninGA
Level 15
Level 15
September 24, 2019

I don't believe a single one of these posters who say they have income in the $10 million range.  They would not have that kind of income if they need to use a DIY tax program.  They would have tax attorneys and financial planners available 24/7.

Level 15
September 24, 2019

Exactly.  Homework question?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**