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April 10, 2022
Question

turbo tax is calculating my farm expenses wrong

  • April 10, 2022
  • 1 reply
  • 0 views

Turbo tax home and business 2021 is not subtracting my deductions ,instead every time i add a deduction my federal rebate goes down, now my y state seems to be working properly. its also making my rebate go up when I add farm income. its like its adding when it should be subtracting and subtracting when its should be adding. like the caculation formula is backwards. how can i fix this. i upgraded from turbo tax delux to turbo tax home and business via the upgrade button in the program thinking that might cause an update that would fix the issue. Can someone please help. I tried calling the help phone number and waited for an hour the fisrt time only to be disconnected when the call was supposed to be answered ,then called back and waited 45 minute on the phone fo the same thing to happen again? i got a late start on filing my taxes this year do to illness and don't have much time until the 15th . please help me.

1 reply

April 14, 2022

It sounds like you have qualified for the Earned Income Credit.  That credit is based on how much income you have earned and by reducing that income you are reducing the amount of credit that you are receiving.  It's ok.  Go ahead and enter al of your deductions and see where you stand.

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