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cgr8golf
Returning Member

Income Taxes Paid

I paid federal taxes of $29,804 ($7,304 SS; $22,500 Retirement).  However, TurboTax is only showing $22,243 Federal Taxes Paid.  I do not understand this.

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5 Replies
BillM223
Expert Alumni

Income Taxes Paid

Are you saying that the $7,304 and the $22,500 are withholding amounts on form SSA-1099(s) and whatever 1099-Rs that you have?

 

What are the amounts on lines 25a-25c on the 1040?

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Income Taxes Paid

Did you make any estimated tax payments, or apply part of a 2019 tax refund to 2020?

cgr8golf
Returning Member

Income Taxes Paid

No I did not.  All taxes came from monthly SS or from Retirement bi-weekly income.  I had to pay taxes in 2018 and 2019 learned how to calculate better what needed to come out in FIT each year.

cgr8golf
Returning Member

Income Taxes Paid

Yes...

for SS SSA 1099: (me)....  Vol. FIT withheld: $5,984.80

for SS SSA 1099: (spouse)...  Vol. FIT withheld: $1,319.40

 

1099R (me):  $22,500

W-2 (me): $995.26

 

Line 25a:  $955

Line 25b:  $19,804

Line 25c:  Blank

 

 

cgr8golf
Returning Member

Income Taxes Paid

I have figured out the issue.  Thank you for assist.

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