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Is turbotax slightly off using 2022 tax tables?
on my “Qualified Dividend and Cap Gain Tax Worksheet”, line 5 (ord inc) is 35309.
From 2022 tax tables tax on ord inc should be 4032 = 1027.5 + 12% (35309-10275).
But line 22 of the worksheet shows 4034 ? Only 2 difference, but why? computation should be 4031.58, rounds to 4032, not 4034.
- the Tax Smart Worksheet has line 4 checked (Qual Div & Cap Gain Tax Worksheet)
- there does not seem to be any way to see how turbotax is actually computing (tables imbedded?)
April 7, 2023
2:31 PM