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January 30, 2024
Question

What does the total of my payments and withholdings mean and where can I find all the information about it

  • January 30, 2024
  • 1 reply
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1 reply

JohnB5677
January 30, 2024

Payments an Withholdings are all included in the posting of your records.

  • Payments are Estimated Payments that are typically done if you have self-employment.
  • Withholdings are on your W-2's, 1099-R's and other documents showing income.

You can preview your tax return by going to:

 

  1. On the menu bar on the left that shows.
    1. My Info
    2. Federal
    3. State
    4. Review
    5. File
  2. Select Tax Tools
  3. On the drop-down select Tools
  4. On the popup menu
  5. Select View Tax Summary
  6. On the left sidebar
  7. Select Preview my 1040.
  8. Schedules 1,2&3 are included if you scroll down past your 1040.
  9. To return to the entry screens press Back on the sidebar.

Some key numbers on your 1040 tax return are:

Line 15 - Taxable Income

Line 24 - Total Tax.

Line 25 d - Withholdings.

Line 26 - Estimated tax payments

Line 33 - Payments including Credits.

Line 34 - Overpayments.

Line 37 - Tax owed.

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