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Get your taxes done using TurboTax
No problems anywhere..
There are something like 7 different ways that taxes are calculated. The tax tables are used only for the simplest tax returns.
IF you have Qualified Dividends on a 1099-DIV (box 1b), or any capital gains on a -DIV forms (box 2a) or any other long term capital gains, then the tables are not used directly...because a lot of those dividends or capital gains are taxed at rates lower than the tables.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 21, 2020
1:58 PM