Not exactly. You are correct that taxes should be calculated on Taxable Income. However, the best way to verify your calculations is from the actual Form 1040. To find this in your system, you have options: when you are ready to file, TurboTax prompts you to save a download. Search for .tax2019 to locate it If you did not download it then, you can download it yourself by going to: From the left menu, select Tax Tools> Print Center

Question

I completed my taxes however on the filing sheet my total tax amount is based on the adjusted gross income amount and not the taxable income. Is this correct?

Forum|Forum|6 years ago
February 25, 2020
1 reply
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TurboTax Deluxe Online

KathrynG3

Not exactly. You are correct that taxes should be calculated on Taxable Income. However, the best way to verify your calculations is from the actual Form 1040.

To find this in your system, you have options:

when you are ready to file, TurboTax prompts you to save a download.
- Search for .tax2019 to locate it
If you did not download it then, you can download it yourself by going to:
- From the left menu, select Tax Tools>
- Print Center