Question

why is turbo tax telling me i owe federal tax money when I made 600 last year

Forum|Forum|1 year ago
March 20, 2025
2 replies
0 views

Using turbo tax this year, I was unemployed entirety of the year with on 2 sets of income, dividends for 600 where tax was paid, and another 480 for social media income on a 1099-misc

I have a mortgage property taxes and a dependant child, and some charitable donations , yet TT deluxe is saying I owe $566 in federal taxes.. something doesn't add up, can someone please explain

Other

I suggest you look at your tax return (Form 1040) and check some critical entries.

From the left sidebar

Select Tax tools
Hint: You may have to minimize the Federal and State selections
Click Tools
A Menu will pop up
Select View tax summary
On the left panel click Preview my 1040

Some Key numbers to compare:

11 Adjusted Gross Income
12 Deductions
15 Taxable income
16 Tax
19 Child Tax Credit
26 Earned Income Tax Credit
28 Additional Child Tax Credit
33 Total Payments
34 Overpayment
35a Refund
37 Amount you owe

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

larrytbullAuthor

i see other taxes shown with 870, how do i find out what that is from

Did the $600 come from self-employment? If so and since it's over $400 you owe self-employment tax which would be computed on form SE

larrytbullAuthor

1099-misc just some royalties i get from youtube videos