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oz1ccd3mom
New Member

If I made $29,000 and $3,300 was withheld, why is TurboTax telling me I owe over $20,000 in taxes???

 
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Accepted Solutions
SteamTrain
Level 15

If I made $29,000 and $3,300 was withheld, why is TurboTax telling me I owe over $20,000 in taxes???

99.9% of the time, a huge number like that is a mis-entered income value,

like maybe double-keyed number (229,000)  or decimal point one digit off.

Go back to the Federal income  section and review and edit every income entry you made...one of them is waaaay too high.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

1 Reply
SteamTrain
Level 15

If I made $29,000 and $3,300 was withheld, why is TurboTax telling me I owe over $20,000 in taxes???

99.9% of the time, a huge number like that is a mis-entered income value,

like maybe double-keyed number (229,000)  or decimal point one digit off.

Go back to the Federal income  section and review and edit every income entry you made...one of them is waaaay too high.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

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