2017 taxes

[shannonsmith824]

Having trouble with my 2017 return.  I was unable to import the W2 and now my return is showing a 10,400 deduction that the system found making my taxable income less which is now making me owe.  I am confused.   

[xmasbaby0]

You cannot import a 2017 W-2. now in 2019.   Those have been removed from availability to import.  If you do not have your 2017 W-2 you will have to obtain it from the employer.  It must be entered by hand.

AND....are you using the 2017 desktop software for your 2017 return?  You cannot use the online program. Online is ONLY for 2018.

To file a return for a prior tax year

If you need to prepare a return for 2015, 2016, or 2017 you can purchase and download desktop software to do it, then print, sign,  and mail the return(s)

https://turbotax.intuit.com/personal-taxes/past-years-products/

Remember to prepare your state return as well—if you live in a state that has a state income tax.

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.

Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.

[DoninGA]

For a 2017 tax return you would be using one of the 2017 TurboTax desktop editions.  You cannot import a 2017 W-2 since that tax year is no longer available for the importing of tax forms.  You have to enter the W-2 manually.

Without knowing what deduction you are referring to there is no way for anyone to give you guidance.

[VolvoGirl]

The 10,400 deduction for 2017 single would be your

personal exemption  4,050 plus the

 Standard Deduction 6,350

That is subtracted off your income before the tax is calculated.  So you get taxed on less income.  It is a good thing.  That means the first 10,400 of your income is tax free.

So I don't understand why that makes you owe more.  You should owe less.