fwmccvt
Returning Member

Calculation errors in Estimated taxes worksheet

I'm trying to understand the math in the 1040 ES & W4 Wks.  If I add wages, qualified Dividends and Capital gains and the "total of your other taxable income" less the deduction allowed, I arrive at a number that is vastly higher (20% higher) from what is shown as taxable income.  What am I missing?