Question

So I wanted to ask anybody on TurboTax, I just filed my taxes and I was quoted I get 13,000 back in federal but now it’s showing $400 how do I fix that?

Forum|Forum|2 years ago
February 1, 2024
2 replies
0 views

No text available

TurboTax Free Edition Online

affordable2020

Did you enter more than one W2? Don't pay any attention to the refund monitor until you've entered everything and completed the interview.

X

xmasbaby0

Employee

Please explain. When and where were you "quoted" $13,000?

Look at your Form 1040. What is on line 35a?

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

X

xmasbaby0

Employee

@0ddd63b08c48 My best guess....are you talking about the standard deduction amount you get when your filing status is Single?

Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2023 Form 1040.

2023 STANDARD DEDUCTION AMOUNTS

SINGLE $13,850 (65 or older/legally blind + $1850)

MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)

MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse

HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**