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sgil6977
New Member

Why is this software not allowing line 42 Exemptions $4,050 credit per person?

 
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Why is this software not allowing line 42 Exemptions $4,050 credit per person?

Of course the software enters the personal exemptions on a tax return.  If you are filing a Form 1040 then the number of exemptions shown on Line 6d is multiplied by $4,050 and that amount is entered on Line 42.

However, if your Adjusted Gross Income is greater than $155,650 then the exemption amount may be reduced.

To view the Form 1040, click on My Account at the top of the program screen.  Click on Tools.  Click on View Tax Summary.  Click on Preview my 1040.  Scroll down to Line 6d and then to Line 42

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Why is this software not allowing line 42 Exemptions $4,050 credit per person?

Of course the software enters the personal exemptions on a tax return.  If you are filing a Form 1040 then the number of exemptions shown on Line 6d is multiplied by $4,050 and that amount is entered on Line 42.

However, if your Adjusted Gross Income is greater than $155,650 then the exemption amount may be reduced.

To view the Form 1040, click on My Account at the top of the program screen.  Click on Tools.  Click on View Tax Summary.  Click on Preview my 1040.  Scroll down to Line 6d and then to Line 42

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