- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax Calculation
Line 15 of Form 1040 shows taxable income of $315, 320. Line 16 of Form 1040 shows tax of $59,421. No "boxes" are checked (i.e. 8814, 4972). Based on the simple tax bracket calculations for married filing jointly, the tax should be more. I looked at the Turbotax forms and can't find any form which which would explain why the amount on Line 16 of Form 1040 would be less than the calculation using the 2024 tax brackets.
What am I missing?
Topics:
March 12, 2025
6:00 PM