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.

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.

ThomasM125
Expert Alumni

Federal tax due is incorrect

The tax is too high it would seem. I suggest you look at the form 1040 and schedules 1 to 3 to make sure nothing was entered incorrectly as follows:

 

1. Find the "Tax Tools" option on your left menu bar and click on it

2. Click on "Tools"

3. Click on "View Tax Summary"

4. On your left menu bar find the "Preview my 1040" option and click on it

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

Federal tax due is incorrect

What kind of income do you have?  It also depends on what kind.  Do you have self employment income or get any 1099Misc?  What actual line do you see the $8,781 tax on?  Is it line 12a?  Oh, did you get any 1099R for early distributions?  You could owe extra penalty.

mcbridef11
Returning Member

Federal tax due is incorrect

how is the federal tax calculated - for 2018 it was 10% on the first $19,050 - 12% on next $58,350 etc

Anonymous
Not applicable

Federal tax due is incorrect

line 11a is the total of standard or itemized deductions + the deduction for qualified business income.  it is not a tax 

 

taxable income is on line 11b 

first tax line is 12a 

12b includes amount on 12a + the taxes on schedule 2 and 3 

13a is child care and dependent credits

13b is 13a + line 7 from schedule 3

12b less 13b = line 14

14 + 15 = line 16 total tax

you may computation may be wrong if you had qualified dividend or net long-term capital gains 

 

so do you still have an issue? 

if so post back  

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