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Get your taxes done using TurboTax
I used Turbo tax to file my tax with long term capital gain. My filing status is Married filing jointly. My taxable income is less than $400,000. Hower, it seems that Turbo tax calculated my long term tax as 20%. Based on Long term tax scheduel below, it should be 15%. I hope you can help me understant the inconsistency. Thanks,
DPH2023
2022 Long-Term Capital Gains Tax Rates
Tax Rate | 0% | 15% | 20% |
Filing Status | Taxable Income | ||
Single | Up to $41,675 | $41,676 to $459,750 | Over $459,750 |
Head of household | Up to $55,800 | $55,801 to $488,500 | Over $488,500 |
Married filing jointly | Up to $83,350 | $83,351 to $517,200 | Over $517,200 |
Married filing separately | Up to $41,675 | $41,676 to $258,600 | Over $258,600 |
‎April 6, 2023
8:44 AM