WebOct 22, 2024 · What's the difference between "balance due using computer figures" and "balance due using TP fig per computer" in my IRS record? They say I owe $619 more than TurboTax. if your statement shows "Tax Relief credit" adding up to $619, that's your EIP1 and EIP2 already sent to you. WebFeb 6, 2024 · "TAX TABLE INCOME PER COMPUTER:" - this is your taxable income after taking the Standard Deduction or Itemized Deductions, but before any personal exemptions. "TAXABLE INCOME PER COMPUTER:"- this is your …
IRS Tax Return Transcripts - Savingforcollege.com
WebLists the totals of each type of income for each tax year. The summary can be inaccurate when compared to the forms amounts. Record of Account (Available for the current tax … WebDec 13, 2024 · A refundable tax credit won't just subtract from your tax liability if you can claim one. The IRS will send you a refund for any balance that's left over after the credit reduces your tax liability to zero. You'd receive the $500 difference directly if you have only a $500 tax liability and you're eligible to claim a $1,000 refundable credit. marshmallow pop liquor price
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WebOn the tax transcript this seems to be "Income Tax After Credits Per Computer" which is above the Other Taxes section. The two lines (55 (56) and 63 on the 1040) may be the same, in which case it should not matter which of the two transcript lines were used. Hope I am not making this more difficult for you or "stepping on" tth's "toes." WebFeb 13, 2024 · You first reduce the tax by the $1,700 of nonrefundable credits you claim ($500 for the Child and Dependent Care Credit, plus $1,200 for the American Opportunity Credit). This brings your tax bill down to $700 ($2,400 - $1,700). You then reduce the $700 by the $800 refundable portion of your American Opportunity credit. WebOct 29, 2024 · The “per computer” figures correct mathematical errors on the federal income tax return. The college financial aid administrator will rely on the “per computer” figures, … marshmallow poles