Total Taxes increase unexplanable

sdmays1 — Tue, 09 Jun 2020 02:26:58 GMT

Worked my taxes. Taxable income percentage no change. Had 5.5% increased deductions over 2018. Appears the amount on the W-2 box 12b code D for 401k is a direct add on tax. It increased my tax burden. I ended up showing owing 346% more in taxes this year than last. I only contributed to a pre-tax 401k not a Roth 401K. With all the other numbers being equal. Is there an issue with the program and I need to take the amount out of 12b code D? The two year comparison sheet does not show a 401K amount in the Other Taxes block. I didn't take out any funds only contributed. Please let me know what I'm doing wrong.

Re: Total Taxes increase unexplanable

Bsch4477 — Tue, 09 Jun 2020 15:45:53 GMT

Try deleting your W-2 and enter it again.

topic Total Taxes increase unexplanable in Retirement tax questions

Total Taxes increase unexplanable

Re: Total Taxes increase unexplanable