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New Member
posted Jun 4, 2019 8:03:22 PM

In the "summary" section of TurboTax, there is a line marked "other taxes"? Please explain what that might be?

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1 Best answer
New Member
Jun 4, 2019 8:03:23 PM

The "Other taxes" line includes a range of taxes other than income tax, all which are collected via Form 1040. These include:

  • Self-employment tax from Schedule SE,
  • Unreported Social Security and Medicare tax,
  • Additional tax on IRAs, other qualified retirement plans, and other tax-favored accounts,
  • Household employment taxes from Schedule H, and
  • Health care: Individual responsibility payments.

These taxes are summarized on Schedule 4 (Form 1040).

5 Replies
New Member
Jun 4, 2019 8:03:23 PM

The "Other taxes" line includes a range of taxes other than income tax, all which are collected via Form 1040. These include:

  • Self-employment tax from Schedule SE,
  • Unreported Social Security and Medicare tax,
  • Additional tax on IRAs, other qualified retirement plans, and other tax-favored accounts,
  • Household employment taxes from Schedule H, and
  • Health care: Individual responsibility payments.

These taxes are summarized on Schedule 4 (Form 1040).

Returning Member
Mar 9, 2021 10:34:59 AM

I withdrew my RMD and I understand this was not taxable in 2020 so why is there a tax charged in "other taxes" when I rolled over my RMD back into the same IRA?

Level 9
Mar 10, 2021 2:34:51 PM

The rollover transaction isn't taxable unless the rollover is to a Roth IRA or a designated Roth account, but it is reportable on your federal tax return. You must include the taxable amount of a distribution that you don't roll over in income in the year of the distribution.

 

@rbritt2657

New Member
Apr 5, 2023 5:35:10 PM

Other tax 

Level 4
Apr 5, 2023 8:28:47 PM

It could be many things.  Typically:  Self-Employment Tax, NIIT tax, AMT Tax, Penalties for early withdrawal from an IRA, etc.