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joycept
New Member

Why is my taxable income $253,650 on my retirement income of $74,370? This seems so high?

 
1 Best answer

Accepted Solutions
CherylW
Level 3

Why is my taxable income $253,650 on my retirement income of $74,370? This seems so high?

That is very high.

First, go and look at your 1040 to see if you've mis-entered anything.

To do that:

1.       Go to Tax Tools on the left-hand side.

2.       Go to Tools.

3.       Go to View Tax Summary.

4.       Click Preview my 1040 from the left-hand side.

If that's not the problem, try deleting all your entries and starting over again.

If you still have a problem, post back to this thread.


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1 Reply
CherylW
Level 3

Why is my taxable income $253,650 on my retirement income of $74,370? This seems so high?

That is very high.

First, go and look at your 1040 to see if you've mis-entered anything.

To do that:

1.       Go to Tax Tools on the left-hand side.

2.       Go to Tools.

3.       Go to View Tax Summary.

4.       Click Preview my 1040 from the left-hand side.

If that's not the problem, try deleting all your entries and starting over again.

If you still have a problem, post back to this thread.


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