topic amount of tax in Deductions & credits

amount of tax

selenejk — Sat, 06 Mar 2021 16:01:07 GMT

single taxpayer with 30,000.00 taxable income, turbotax shows no tax due, why?

Re: amount of tax

VolvoGirl — Sat, 06 Mar 2021 16:04:47 GMT

Do you have any qualified dividends or capital gains? Those get taxed at a lower rate. See if you have a schedule D. No tax due line 37 or no tax on line 16?

Re: amount of tax

DoninGA — Sat, 06 Mar 2021 16:07:00 GMT

You probably have tax credits that have reduced your tax lability to zero.

Look at your tax return Form 1040 on Lines 16 thru 32 for your taxes, credits and payments

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Re: amount of tax

selenejk — Tue, 09 Mar 2021 10:44:31 GMT

thank you!!!