topic Why would my earned income be less than the income I'm being taxed on? in Get your taxes done using TurboTax

Why would my earned income be less than the income I'm being taxed on?

321lockheed — Tue, 03 Feb 2026 08:03:01 GMT

I am paying taxes on $1441, but I am being told me earned income is $1339. I did not put in any deductions.

Re: Why would my earned income be less than the income I'm being taxed on?

KrisD15 — Tue, 25 Feb 2025 23:33:50 GMT

You might have a combination of earned income (wages) and unearned income (interest and dividends, rental income, capital gains).

Re: Why would my earned income be less than the income I'm being taxed on?

321lockheed — Tue, 25 Feb 2025 23:38:35 GMT

Ah, I see. I had $111.xx from capital gains from my brokerage account. That would be the difference. But now I have an excess contribution on my Roth IRA. Dang it. I wasn't sure how those two would interact and I guess I should have looked into it more.

Thank you! This was helpful.

Re: Why would my earned income be less than the income I'm being taxed on?

KrisD15 — Tue, 25 Feb 2025 23:40:50 GMT

Thank you for using TurboTax.