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Level 1
posted Feb 1, 2024 2:29:36 AM

How could my total income be more than my total income before std deduction?

i grossed  16500 more than in review that it shows as total income before deductions

0 1 192
1 Replies
Expert Alumni
Feb 1, 2024 12:24:35 PM

That's unusual.  Please confirm the number:

You can see you tax Return, Form 1040, by following these steps.

You can preview your tax return by going to:

 

  1. On the menu bar on the left that shows.
  2. Select Tax Tools
  3. On the drop-down select Tools
  4. On the popup menu
  5. Select View Tax Summary
  6. On the left sidebar
  7. Select Preview my 1040.
  8. Schedules 1,2&3 are included if you scroll down past your 1040.
  9. To return to the entry screens press Back on the sidebar.

Some key numbers on your 1040 tax return are:

Line 11 - Adjusted Gross income

Line 12 - Standard Deduction

Line 13 - Business income deduction

Line 15 - Taxable income.

 

Based on what I think you said, Line 15 is larger than line 11.

 

Line 9 - Total income may be larger than line - 1 Wi2  Wages

 

If I've misunderstood your question, and this does not completely answer it, please contact us again and provide some additional details.