What is tax liability?

bremarie2593 · ‎February 14, 2020

macuser_22 · ‎February 14, 2020

Thar is your tax after all deductions have been applied. It is line 12b on the 1040 form.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

KrisD15 · ‎February 14, 2020

Tax liability means how much tax you owe for the income you had that year.

It is listed on your 1040 Line 12b

After your tax liability is figured, credits might be available to reduce your tax liability and perhaps add a refund.

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What is tax liability?