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How can I owe 159,000.00 when I only made 15,747.00??

The return states that I owe 159,00.00 dollars when I'm on soc sec disability and only brought home 15747.00 from my job??
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2 Replies

How can I owe 159,000.00 when I only made 15,747.00??

Check your own data entries and look for misplaced decimals and added zeros.   The decimal and comma are right next to each other on the keyboard---so it is easy to hit the wrong key and throw the calculations way off.

**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.**

How can I owe 159,000.00 when I only made 15,747.00??

Yep, you probably hit the wrong key for one of your income entries and have a half million or so in income indicated.    Could be in wages, or interest, or dividends...etc...etc

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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