I have over $7000 in tax credits and a tax liability of $3300, Turbo tax says I owe $1 to the IRS?

[jfgrefe]

I have over $7000 in tax credits and a tax liability of $3300, Turbo tax says I owe $1 to the IRS? How can I negate this to zero?

[Vanessa A]

You can't.  If your calculated amount due is $1 and you have entered everything accurately, you cannot change the amount owed.

It sounds like the majority of your credits are non refundable credits since you have $7,000 in credits but only $3,300 in liability and still owe $1.  You would have to have $1 more in refundable credits to offset this.  But again, if you have already gone through and answered everything accurately, you will have to pay the $1. 

[jfgrefe]

So I must be paying the $1 for $14 in US interest income? That's 7%.  Or am I missing something here?

[Vanessa A]

That is possible that is raised your income up just enough to owe that $1. Without seeing your entire return, it is impossible to tell you what exactly is causing that $1 in taxes due.  But considering the lowest tax rate is 10%, it is very possible that you have a 10% tax on the $14 which would be $1.40 and round down to $1.