turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

How do I still owe and my deductions are much higher than the amount I owe

 
Connect with an expert
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.

1 Reply
Anonymous
Not applicable

How do I still owe and my deductions are much higher than the amount I owe

deductions don't reduce your taxes $ for $ at the highest tax brackets at the highest tax bracket about 40% at the lowest only 10% 

 

 

we can't see your returns so you may want to download  1040 instructions to see if your taxes appear correct. 

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

look for your taxable income  starting on page 63

there could be many resons why the amount you find differs from your return. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies