turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Could you help me understand why the total from my W-2 and the expenses I entered doesn’t match the total income shown in the 'Explain My Taxes' section?

I've entered two separate W-2s, but the combined amount from Box 1 is different from what's shown under 'Explain My Taxes' → Total Income. The total income there is approximately $2,300 higher.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
KeshaH
Expert Alumni

Could you help me understand why the total from my W-2 and the expenses I entered doesn’t match the total income shown in the 'Explain My Taxes' section?

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

 

If you're using TurboTax Online:

Once you're logged in to your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

 

If you're using TurboTax Desktop:

  • Click on Online in the top menu of TurboTax Desktop for Windows
  • Select 'Send Tax File to Agent'
  • Write down or send an image of your token number and state then place in this issue.
  • We can then review your exact scenario for a solution

 

Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.

Could you help me understand why the total from my W-2 and the expenses I entered doesn’t match the total income shown in the 'Explain My Taxes' section?

My token number is 1302181. Thank you for your help. 

DawnC
Employee Tax Expert

Could you help me understand why the total from my W-2 and the expenses I entered doesn’t match the total income shown in the 'Explain My Taxes' section?

The Explain My Taxes section is Box 1 plus $5K from Box 10 of your W-2, less the loss on Schedule E (2,655).    

 

$5k of the $6600 in Box 10 is taxable on your tax return.   That amount is not included in box 1, but TurboTax adds it back to taxable income until you enter the qualified expenses paid for with the amount in Box 10.   To enter your dependent care benefits, see How do I get to the Child and Dependent Care Credit in TurboTax?   

 

What is the Child and Dependent Care Credit?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question