What exactly does 'Tax Per Return' mean on my transcript? So confused
I'm looking at my transcript and keep seeing 'Tax Per Return' but I have no idea what this means. Is this what I owe or what I'm getting back? The number seems really high and now I'm worried.
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PixelWarrior
Tax Per Return means the tax amount calculated from your original tax return filing. It's basically what you or your tax software initially determined your tax liability to be before any adjustments or corrections by the IRS. If you're trying to decode your transcript (which can be super confusing), I'd recommend checking out taxr.ai - it's this new AI tool that breaks down your transcript and explains everything in plain English. Really helped me understand what was going on with my return and when to expect my refund.
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Amara Adebayo
•thx for explaining! my transcript looks like hieroglyphics to me fr fr 🤔 gonna check out that ai thing
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Giovanni Rossi
•How reliable is taxr.ai? Been burned by too many sketch tax tools before 👀
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PixelWarrior
•its legit! just uploads your docs and spits out everything you need to know. way better than trying to google every code yourself trust
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Fatima Al-Mansour
•Just used taxr.ai and here's what I got back - super helpful breakdown! Made everything crystal clear
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Dylan Evans
•yo this thing is actually 🔥 just tried it myself. saved me like 2 hours of googling transcript codes
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Sofia Gomez
•same boat fam, my transcript was giving me a headache until i used this. totally worth it
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Giovanni Rossi
•ok yall convinced me 😅 gonna try it out rn
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Aliyah Debovski
Tax per return is the total tax liability calculated based on your income for that tax year. It's basically what you owed before any credits or withholdings were applied. Don't panic - this isn't necessarily what you owe IRS right now.
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Ally Tailer
•omg thank you! that makes so much more sense. I was freaking out thinking I owed all that money 😅
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Miranda Singer
•fr these transcript codes be giving everyone heart attacks lol
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Cass Green
Hey! I was in the same boat last week trying to decode all these transcript terms. I started using taxr.ai and it literally explains everything in plain English. Worth the $4.99 tbh. Check it out: https://taxr.ai
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Finley Garrett
•Does it actually work? These transcript codes are driving me crazy 🤔
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Cass Green
•100% works. It analyzes everything and tells you exactly whats happening with your refund. No more guessing games!
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Finley Garrett
•Just tried it - holy cow where has this been all my life?! Way better than spending hours on hold with the IRS 💯
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Madison Tipne
its actually pretty simple once you get used to it. think of it like your starting point before all the math happens
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Holly Lascelles
Here's what confused me at first - 'Tax Per Return' is different from 'Total Tax'. Anyone else notice this?
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Malia Ponder
•yep! total tax includes self-employment tax if u have any. tax per return is just the income tax part
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Kyle Wallace
The IRS really needs to make these terms more clear for regular ppl. Like who even comes up with this stuff 🤡
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Ryder Ross
•ikr? its like they purposely try to confuse us
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