You'll need to sign in or create an account to connect with an expert.
Your tax liability is based on your taxable income. Look at your tax return and you should see where there is a discrepancy, if any. If your taxable income was in the $82,000 range then having a tax liability of around $14,000 would not be out of the question, if you are filing as Single.
You can view your Form 1040 at any time. Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
Itemized/standard deduction is that mean what I'll get back ?
@dustin98798 wrote:
Itemized/standard deduction is that mean what I'll get back ?
No. Itemized or Standard Deduction reduces your Adjusted Gross Income so the result is your taxable income.
How do u find out that ?
@dustin98798 wrote:
How do u find out that ?
As stated - Look at your tax return, Form 1040. It shows you the Adjusted Gross Income Line 8b, the Standard Deduction Line 9 and the Taxable Income Line 11b.
Your total taxes on your Taxable Income are shown on your Form 1040 Line 16.
Your total tax payments are shown on your Form 1040 Line 19.
If your total tax payments are greater than your total taxes then you will get a refund for the overpayment. The refund is on the Form 1040 Line 20.
If your total tax payments are less than your total taxes then you will have taxes owed. The taxes owed is on the Form 1040 Line 23.
Its not showing me none of that
@dustin98798 wrote:
Its not showing me none of that
You see none of those lines on the Form 1040 using this procedure to view the 1040?
You can view your Form 1040 at any time. Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
You may want to clear your tax return and start over if you are having difficulty.
If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over. Click on Tax Tools on the left side of the program screen while working on the 2018 online tax return. Click on Clear & Start Over.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gabriela_mora_16
New Member
humanilla
New Member
jawsray
New Member
fineIlldoitmyself7
Level 1
LK45
Level 1