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Super simple ?discrepancy?.
I was attempting to understand some calculations and decided to input only two items into a fresh Turbotax2023 tax return. I input 40k of interest and 10k of LT Capital gains.
Standard Deduction and Married filing jointly (no dependents).
By my calculation, that should result in $22300 taxable ($12300 regular income should be taxed at 10% rate resulting in $1230 federal tax due). However TTAx is indicating $1233 federal tax due. I don't understand where the $3 discrepancy could be in such a simple return. The summary table concurs with my $22300 taxable - fyi. It's well below a Capital Gains 0% threshold of course.
What am I missing?
May 5, 2024
4:32 PM