Incorrect tax amount due

Forum|Forum|4 years ago
March 25, 2022
1 reply
5 views

Hi, on my federal return, TurboTax is incorrectly calculating the amount I should receive based on my tax bracket. I need a cpa to correct this but am told I need to purchase live, eventho it is TurboTax's mistake.

Please help!

TurboTax Home & Biz Windows

xmasbaby0

Level 15

Provide some details. You do know that there are seven different tax tables that can be used to calculate your tax, right---depending on the type of income entered? It is not all just from one tax table.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

555subieAuthor

Level 2

Yes TurboTax software is making a mistake, but I don't know how to fix it.

My federal income amount is 9100,but TurboTax stated that I owe 1330. The federal income tax bracket I'm in, is for 10%... 10% of 9100 is not 1330

VolvoGirl

Level 15

Is the tax on line 16 1330? Or is that your tax due? You have the Desktop program. Look at the 1040. You have the Home & Business program which is for self employment. Do you also have self employment tax? You might also owe a penalty for taking an early IRA distribution. Or some other tax or penalty. Which lines don't you understand?