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bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

 
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Accepted Solutions
bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

Thank you. I used the first link to start over before and it still only gave me premier options. Using the second link instead I was able to start using the free version.

 

Also, I was able to answer my own question - 

 

OUNSSMRR stands for uncollected social security or RRTA. However, this amount was reported on my W-2 in error under code "A" when it should have been "AA" = Roth contributions. My employer issued a fixed W-2 to resolve this issue. Now I don't owe anything... phew!

 

Hope this helps anyone else who may need it.

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11 Replies

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

I don't know what that means, but what type(s) of 2021 income did you have?  Are you self-employed?  Sell a rental property?

bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

No, just a standard W-2 for both me and my husband from our employers. Small amounts of interest in savings accounts and investments but nothing crazy. Screenshot 2022-01-24 114031.png 

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

Click on the link below that acronym ... maybe it will give you a hint.

bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

I have done that - the $8k makes sense to me, the other $7k that would bring my total to $15k does not make sense to me.

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

Then why are you using TT Premier?  Any K-1 forms?

bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

I just have a standard premier account - lowest tier. That is the minimum I was allowed to sign up for.  I've used TT for 7 years now and have never had issues. No K-1 forms.

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

FYI - Premier is not the lowest version.  There is also Deluxe and the Free Edition.   You must need Premier for something.  Are you doing a Canada return?  

bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

It does not give me these options. I went back to double check and the lowest I could sign up for was Premier. Deluxe and free are not options on my list. Several years ago I had income in Australia and needed an advanced form, however, this does not apply since 2019. 

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

If you want you can try to downgrade to Free or Deluxe.  You can try to clear and start over  https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-onli...

 

See all Online versions and prices

https://turbotax.intuit.com/personal-taxes/online/ 

 

bbaasch
Returning Member

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

Thank you. I used the first link to start over before and it still only gave me premier options. Using the second link instead I was able to start using the free version.

 

Also, I was able to answer my own question - 

 

OUNSSMRR stands for uncollected social security or RRTA. However, this amount was reported on my W-2 in error under code "A" when it should have been "AA" = Roth contributions. My employer issued a fixed W-2 to resolve this issue. Now I don't owe anything... phew!

 

Hope this helps anyone else who may need it.

Using TurboTax "explain why" to understand why I owe taxes. The total amount is being calculated by: Total Tax of $8k and OUNSSMRR. What is this second acronym?

Great.  Whew!  Thanks for the update.

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