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April 3, 2025
Question

Why does turbotax say I owe $7735 on an income of $43000?

  • April 3, 2025
  • 1 reply
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    1 reply

    April 3, 2025

    You may have more than income taxes on your return, such as self-employment taxes and/or special taxes or penalties. I suggest you look at the second page of your form 1040 and Schedule 2 to see if there are any additional taxes listed on your return.

     

    To view your form 1040 and schedule 1 to 3:

     

    1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
    2. Choose Tools
    3. Choose View Tax Summary
    4. See the Preview my 1040 option in the left menu bar and click on it
    5. Choose the Back option in the left menu bar when you are done 
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