Need help reconciling a $1 total tax difference between me and TT, if for no other reason than it is driving me crazy. Math seems straightforward. $70,181 taxable income. Married Filing Jointly. 10% bracket is $0 to $23,200, so $2,320 due. 12% bracket is $23,201 to $94,300, so remaining $46,981 ($70,181 - $23,200) is $5,637.72 due. Total tax then should be $7,958--$2,320 + $5,638 ($5,637.72 rounded). But, TT shows total tax as $7,957, $1 less. What am I missing? Does the IRS round down each tax bracket calculation versus following normal rounding rules? Is this a TT error? The numbers should be the numbers, so why the difference? Appreciate anyone who can clarify. Thank you.
