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If the IRS increased the taxable amount of SS they must have changed some other income on your return. Like the taxable amount of a 1099R you got or you missed entering some income. By increasing your other income it made more of your SS taxable.
In 2018 my taxable income was 17,780 and turbo tax computed my liability as 463 when the IRS says it should have been 1763
IRS now wants 1,771.43
How do I get turbo tax to honor its guarantee
In plain English, if you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
For complete details, see our Intuit Software End User License Agreement (look about 2/3 of the way down the page, under the heading TurboTax Accurate Calculation Guarantee).
You can read the fine print at the Intuit Software End User License Agreement for TurboTax Desktop Software or the End User License Agreement for TurboTax Online. Enter accurate calculation in the Find feature in your browser (usually listed under Edit) to go to it quickly.
Related Information:
There is no where on the turbo tax form for me to enter my EIN info
tax year 2021 1040 SR, lack g a line to input EIN. number
2021, federal form 1040 SR,
@mafunk wrote:
There is no where on the turbo tax form for me to enter my EIN info
Are you self-employed and received an Employer Identification Number (EIN) from the IRS?
Or are you trying to enter the EIN that is on a W-2 that you received?
The tax year is 2021, federal form 1040SR, my turbotax form does not have a line to enter the EIN value
EIN is a number like 94-1234567 not an amount. It does not show up on a 1040/1040SR return. What are you trying to enter? Where?
Well it can go on Schedule C in your 1040. Do you have self employment or a Single Member LLC?
Why is TurboTax Deluxe 2021 allowing my deferred income from a 457b reported in box 1 on W2 to be reported as earned income for purpose of making an IRA contribution, when box 11 on same W2 reports entire amount as from a nonqualified plan?
Because the IRS rules say it is now considered earned income and can be used for IRA contributions.
So, IRS publication 590-A is outdated?
No. An amount in box 11 can result from a payment to you of income previously deferred or it can be related to deferral of new income. You have to tell TurboTax which it is because which it is can't be inferred from other information on the W-2.
No, there has been no change to the tax code to allow this to be treated as income that will support an IRA contribution. 2021 IRS Pub 590-A is correct.
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