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Level 2
January 18, 2024
Question

1040-SR Calculations

  • January 18, 2024
  • 1 reply
  • 7 views

1040 SR - How come line 24 (Total Tax) minus Line 33 (Total Payments) on 1040 does not equal line 37.    I have a energy credit on line 20 that is the difference that is not included in line 37.   Could that be it?    Any other factors?

    1 reply

    Level 15
    January 18, 2024

    Energy credit forms are not ready.

     

      Click Review to see if you are missing some forms needed in order to e-file.

     

    Many federal and state forms are not yet available.  Check here for form availability. The dates are subject to change.

     

    Tax form availability tool,

     

    No hurry to e-file since the IRS will not begin to accept/reject 2023 e-files until January 29.   And….a state return cannot be accepted until after the IRS accepts your federal return.

    **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.**
    deankelbyAuthor
    Level 2
    January 18, 2024

    Thanks - I'll see if the math works after 1/31/24 when Residential energy credits are scheduled to be completed.