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hpfeffer
New Member

Itemized tax deductions

On this section, withholding taxes paid and State tax paid 2015 are lumped together into one $ amount. Of course these figures are not handled In the same way. Please explain.
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Accepted Solutions
NicoleU
New Member

Itemized tax deductions

If you’re seeing an amount next to Other Income Taxes, this is normal for most people. This lumped amount includes taxes you’ve already paid and is calculated based on information you’ve entered so far, like withholding amounts from your W-2 or estimated taxes you’ve paid in advance.

Indeed, these figures are not handled the same way, however each figure affects you federal income tax and applicable state taxes within its calculation, independently of each other.

See below for specific examples:

  • Taxes paid through extensions
  • Refund amount applied to your tax bill
  • Withholding taxes from your W-2 and 1099 forms
  • Other state and local taxes







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1 Reply
NicoleU
New Member

Itemized tax deductions

If you’re seeing an amount next to Other Income Taxes, this is normal for most people. This lumped amount includes taxes you’ve already paid and is calculated based on information you’ve entered so far, like withholding amounts from your W-2 or estimated taxes you’ve paid in advance.

Indeed, these figures are not handled the same way, however each figure affects you federal income tax and applicable state taxes within its calculation, independently of each other.

See below for specific examples:

  • Taxes paid through extensions
  • Refund amount applied to your tax bill
  • Withholding taxes from your W-2 and 1099 forms
  • Other state and local taxes







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