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How do I handle these errors by Turbox
Background: I am preparing by taxes manually in parallel to Turbotax, using Turbotax, as a way to check my work. I have purchased Turbotax from Costco, intending to file electronically. This reflect the good will and good experience from last year. Last year, Turbotax, delighted me with undiscovered savings, so I am a retruning customer.
Now, I look for your help to go forward after discovering these discrepancies.
1. Understated Federal 2024 Tax Liability
Taxable Fed Inc $29,607
Tax liability per 2024 IRS Tax Table = $3,091
Tax liability per Turbotax = $2,965
Result: underpayment to the Fed by $126
Analysis:
1) the $2,965 tax liabilkity corresponds to Fed Inc $28,607, which is $1,000 less the actual
2) possible software error, tax table imay be incorrectly addressed by Turbotax
2. Understated Ohio 2024 Refund
Taxable Ohio Income $24,250
Tax liability in Ohio for up to 26,050 = $0
Tax liability per Turbotax = $99
In this case, we will be under refunded by $99