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petermraz76
New Member

I uploaded my (only) W2 to TT. The "Income Taxes Paid" shown by TT doesn't add up to any combination of my taxes on W2. How does TT calculate my "Income Taxes Paid?" Thx

I didn't have any other income, just 1x full-time job. There are four types of taxes shown on my W2 - federal, state, SS, and medicare.  No combination of them adds up to the amount shown by TurboTax as "Income Taxes Paid."
1 Reply
AnthonyC
Level 7

I uploaded my (only) W2 to TT. The "Income Taxes Paid" shown by TT doesn't add up to any combination of my taxes on W2. How does TT calculate my "Income Taxes Paid?" Thx

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 number.  See screenshots

But, that number 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.  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.  It would not include social security and Medicare taxes but may include some misc items you might have in box 14.

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).  
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