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dowen3
New Member

I have verified that the amounts entered for income tax paid are correct, but the total shown on the summary is incorrect. Why?

 
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3 Replies

I have verified that the amounts entered for income tax paid are correct, but the total shown on the summary is incorrect. Why?

Did you pay estimated taxes, or credit a 2017 refund to 2018?

I have verified that the amounts entered for income tax paid are correct, but the total shown on the summary is incorrect. Why?

If you scroll down past the Tax Breaks page on the Deductions and Credits screen to the Estimated and Other Taxes Paid.  Click Show More.  Then select Income Taxes Paid.  You will see a blue link that will give you a breakdown of the actual summary number.  This should help identify the discrepancy.   See screenshots

It summarizes ALL of the taxes you have paid either directly or through withholdings on Forms such as W2s, 1099s, etc for both your federal and state returns.  For example, that number would include both of your Federal and state withholdings from your W2s.  It can also include local taxes, refunds applied to this year's taxes from a prior year, balances due from prior years that were paid in this year, and payments made with any extension you might file.

While it shows under Deductions and Credits, it’s actually just a summary number and not necessarily related to any particular deduction (some of it is not even a deduction - i.e. federal taxes withheld on your federal return).  


kem
New Member

I have verified that the amounts entered for income tax paid are correct, but the total shown on the summary is incorrect. Why?

I am having a similar issue.  I put in two deductions for my mortgage interest and in the federal review, only one deduction is being calculated.  Help please!  Thank you!

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