TT says:
You owe $4,853 because the total tax on your 2023 return is $42,828 and your tax payments were $38,003. You also owe a $28 penalty for not withholding enough tax during the year. Your filing status is Single and your income came from wages of $203,715, capital gains of $6,523, dividends of $5,819, IRA distributions of $1, and interest of $1,012. You claimed the standard deduction of $13,850 which helped reduce your taxable income. Since your tax payments and standard deduction of $13,850 did not fully offset your total tax of $42,828, you owe the difference of $4,853.
Ok, so I see I have capital gains/dividends/interest that totals $13,354. But $4853 would be a 36% tax on that, so what else am I missing? Was I not taxed enough by my employer for my salary? If so how do I prevent that if the information I've given them is already accurate?
