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pratap_reddy_200
New Member

The $88,884 of tax you're supposed to pay is adding $87,250 of total taxes before credits and $1,634 of other taxes you have to pay. How is $1634 calculated?

 
3 Replies
AnnetteB6
Expert Alumni

The $88,884 of tax you're supposed to pay is adding $87,250 of total taxes before credits and $1,634 of other taxes you have to pay. How is $1634 calculated?

To know for certain what Other Taxes are being included, you need to take a look at Form 1040 Schedule 2 lines 4 through 9.  There are several different taxes that could apply and be included as Other Taxes.

 

Some examples 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
  • Additional Medicare tax
  • Net Investment Income tax

 

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pratap_reddy_200
New Member

The $88,884 of tax you're supposed to pay is adding $87,250 of total taxes before credits and $1,634 of other taxes you have to pay. How is $1634 calculated?

Thanks for response. I do not have any such unreported income and not sure from where turbotax has arrived at that number.  Is there any way to reach Turbo tax tax consultants on specifics or should I just rely only on community?

ReginaM
Expert Alumni

The $88,884 of tax you're supposed to pay is adding $87,250 of total taxes before credits and $1,634 of other taxes you have to pay. How is $1634 calculated?

I am sorry, we here on the  Community Board do not have access to your TurboTax account to figure out exactly what is going on for you though we are happy to help you.

 

The best and most efficient way for you to connect with the right person to get the help you need is to select the version you are using below.

 

We're open daily from 5 AM to 9 PM PT.

 

TurboTax Online

TurboTax mobile app

TurboTax CD/Download software

oing on.  

 

 

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