Why isn't my standard deduction being subtracted f...
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grandcentral1421
New Member

Why isn't my standard deduction being subtracted from my gross income?

 
5 Replies
xmasbaby0
Level 15

Why isn't my standard deduction being subtracted from my gross income?

Why do you think it is not?  Do you see your standard deduction on line 9?  Follow the big long math calculation on your Form 1040.  TurboTax does an excellent job of calculating if your data is entered correctly.

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
grandcentral1421
New Member

Why isn't my standard deduction being subtracted from my gross income?

It looks like I'm paying taxes based on my gross income which makes me owe$8300 instead of getting a refund of $400 when I rough things out on a 1040 form I down loaded. The standard deduction is what's best for me but the Turbo tax program doesn't seem to be subtracting it.

grandcentral1421
New Member

Why isn't my standard deduction being subtracted from my gross income?

It looks like I'm paying taxes based on my gross income which makes me owe$8300 instead of getting a refund of $400 when I rough things out on a 1040 form I down loaded. The standard deduction is what's best for me but the Turbo tax program doesn't seem to be subtracting it.

xmasbaby0
Level 15

Why isn't my standard deduction being subtracted from my gross income?

@grandcentral1421 We cannot see your screen or your tax return.  if you are using a paid version of the software, contact customer support and have a conversation with someone who will be able to help you understand.

 

To call TurboTax customer support

https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number

They are available from 5 a.m. to 5 p.m. Pacific time   Monday - Friday

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Bees
Level 7

Why isn't my standard deduction being subtracted from my gross income?

Are you self-employed? Could the tax you owe be for self employment taxes rather then income tax?

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.
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