topic What is Line 16-Tax? What Taxes is it counting? in Deductions & credits

What is Line 16-Tax? What Taxes is it counting?

scubadoo92 — Mon, 15 Mar 2021 20:59:05 GMT

TurboTax is saying that I am not eligible to electronically file, and one of the things it says is empty is "Line 16-Tax" I want to make sure I'm not skipping out on anything, so what would even go there?

Re: What is Line 16-Tax? What Taxes is it counting?

DoninGA — Mon, 15 Mar 2021 21:01:08 GMT

Line 16 is the tax on the taxable income on Line 15.

Did you enter any income? Are you reporting only SS benefits? Or are you excluding all Foreign Earned Income?

Re: What is Line 16-Tax? What Taxes is it counting?

scubadoo92 — Mon, 15 Mar 2021 21:39:08 GMT

I don't have any income, I'm a student at college and don't have a job.

Re: What is Line 16-Tax? What Taxes is it counting?

DoninGA — Mon, 15 Mar 2021 21:45:10 GMT

@scubadoo92 wrote:

I don't have any income, I'm a student at college and don't have a job.

If you do not have any income of any kind there is no need or reason to file a tax return.

Re: What is Line 16-Tax? What Taxes is it counting?

scubadoo92 — Mon, 15 Mar 2021 21:48:08 GMT

Does the federal stimulus money that I got not count?

Re: What is Line 16-Tax? What Taxes is it counting?

DoninGA — Mon, 15 Mar 2021 22:03:58 GMT

@scubadoo92 wrote:

Does the federal stimulus money that I got not count?

No. A stimulus payment is not taxable income.