Yes, it is calculated with the Federal income tax and any other taxes you might have and is compared to withholding and any refundable credits. If the payments in are higher than the combined taxes, you get a refund. See your Form 1040 and pay attention to Line 56 onward.
You can view your entire return or just your 1040 form before you e-file:
- Sign in at TurboTax.com and select the blue Take Me to My Return button, if you're not already in your return.
- Expand the Tax Tools menu on the left side of your screen (if you don't see this, click or tap the 3 lines in the upper-left corner).
- With the Tax Tools menu open, you can then:
- Select Print Center and then Print, Save, or Preview This Year's Return to preview your entire return, including all forms and worksheets (you may be asked to register or pay first; follow the instructions); or
- View only your 1040 form by selecting Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 on the left side.
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