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Incorrect calculation of taxes

After entering all the information for my federal return, under Get a detailed view of your numbers in the federal review tab. I see that total Tax Liability is 71,272 and Total taxes paid is 68,932.

And the Refund (or Tax Due)This is calculated by taking your total taxes paid and subtracting your tax liability is showing as -3,571.

But 68,932-71,272 is actually only -2340.

Is this calculation incorrectly done by turbo tax? 

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1 Reply
CatinaT1
Expert Alumni

Incorrect calculation of taxes

We need a bit more information. Do you have other taxes due for Self-Employment or an early withdrawal penalty from a retirement account? Perhaps part of it is an underpayment penalty? We can not see your tax return.

 

Viewing your tax summary may be helpful.

  1. Log in to your tax return at TurboTax.com. 
  2. Click on Tax Tools on the left side of the screen (you may need to click on Continue in the center first). 
  3. Click on Tools. 
  4. In the box that pops up in the center, click on View Tax Summary. 
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