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ksloan3155
New Member

How come when I do the tax calculator I get a different amount than I do when I fill it out...its like a 3k dollar difference

 
2 Replies
xmasbaby0
Level 15

How come when I do the tax calculator I get a different amount than I do when I fill it out...its like a 3k dollar difference

We cannot see what you entered into the taxcaster tool.   That tool gives you an estimate but it will not be nearly as precise as entering the data into the tax software.  And....the tax software is also using the stimulus money and the recovery rebate credit, which is not part of the taxcaster calculation.

 

Double check all of your entries for your actual tax return---that is the amount to trust.  (if you entered everything correctly and completely).

**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.**
Ben28
Level 2

How come when I do the tax calculator I get a different amount than I do when I fill it out...its like a 3k dollar difference

I paid New Mexico self employment tax on business earning in the amount of $1716, however, on Schedule  Schedule SE, and Business Expenses - self employment taxes it shows less - only $1215

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