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New Member
posted Apr 12, 2023 4:50:02 PM

My 2022 taxable is $6766 my tax is $2318! Why

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1 Replies
Expert Alumni
Apr 12, 2023 5:01:28 PM

Look at Schedule 2 to see if your return is generating additional taxes.    Key numbers on Form 1040:

 

Line 15 - Taxable Income

Line 24 - Total Tax - - this will include additional taxes such as Self-Employment tax, AMT, Excess Premium Tax Credits, etc.

Line 25 - Withholdings

Line 33 - Payments including Credits

Line 34 - Overpayments

Line 37 - Tax owed