TurboTax math error on form 1040

Forum|Forum|6 years ago
April 22, 2020
4 replies
28 views

On my form 1040, which I've already filed, the following apparent error occurs.

Line 16, total tax: $15,158

Line 19, total payments: $11,142

So, line 23, "Amount you owe. Subtract line 19 from line 16" should be 15,158 - 11,142 = $4,016.

BUT IT'S NOT. The form shows $4,101, which is $85 off.

Am I missing something?

DawnC

Level 15

It is probably a typo, but the calculations are guaranteed to be accurate, see details in the link below. Line 16 is the total of 14 (non-negative) and 15. Line 19 is the same as 17 and 18e.

2019 Form 1040 instructions can be found here.

TurboTax stands by its claim - ''Your taxes done right, guaranteed!!''

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whatever99

Level 2

TT 2021 Form 1040:

Line 24, total tax: $14,018

Line 33, total payments: $11,749

Line 37, "Amount you owe. Subtract line 33 from line 24." should be 14,018 - 11,749 = $2,269.

The form shows $2,272.

It's only $3, but this is very simple math, why is it wrong?

DoninGA

Level 15

@whatever99 wrote:

TT 2021 Form 1040:

Line 24, total tax: $14,018

Line 33, total payments: $11,749

Line 37, "Amount you owe. Subtract line 33 from line 24." should be 14,018 - 11,749 = $2,269.

The form shows $2,272.

It's only $3, but this is very simple math, why is it wrong?

Is there a $3 estimated tax penalty shown on Line 38?