How does this tax liability make sense?

Forum|Forum|6 years ago
February 9, 2020
3 replies
5 views

I would like to find the source of my tax liability in the federal tax calcution. In the review screen it shows the following

I'm interpreting this as $0 * 0.0% = $927 which obviously doesn't make sense. Is there a way for me to find the cause of this.

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DanaB27

Employee Tax Expert

You should preview your 1040 to see where this tax liability is coming from:

Click on "Tax Tools" in the left menu
Click "Tools"
Click "View Tax Summary" in the Tool Center window
Click on "Preview my 1040" on the left
Scroll down to "Tax Smart Worksheet"

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travis51Author

Level 2

@DanaB27

I've found this in the 1040

Is there a way for me to access this other form or find where this is calculated?

Thanks

bwergeles

Level 7

If you continue to scroll down the "Preview my 1040" selection, you will see a preview of Schedule 2 - Additional Taxes almost at the end of the preview screen. (See message above from DanaB27 on how to access this.)

There are a few possible explanations for your tax liability since you do not have taxable income. Please see below for some common Other Taxes reported on Line 15 of your Form 1040:

If some of the income you reported on your tax return was from self-employment, you may owe self-employment tax on this income. You would owe this tax regardless of whether the income was taxable for income tax purposes. (This would be reported on Line 4 of Schedule 2.)
If you received a distribution from a retirement plan and you were under age 59 1/2, you may be subject to an early withdrawal penalty. (This would be reported on Line 6 of Schedule 2)
If you received tips and had uncollected employee social security and medicare taxes (See Line 8 on Schedule 2)

@travis51