Hi TurboTax Team,
I seem to be running into a issue on my TurboTax desktop application. I'm manually calculating my taxes and the numbers are not adding up. Due to the difficulty of debugging I've made fake data to show the problem I'm facing.
I've made a test user who makes $50k a year. For simplicity sake, he has no tax deductions other than the standard deduction of $12,200.
If I put this data into the TurboTax application. It outputs that this users Total Tax is $4,345. However when I do the math from the IRS site using the 2019 tax tables, I get $4,342.
$50,000-$12,200 = $37,800 Total Taxable Income.
My math using IRS 2019 Tables: (9,700*.10)+((37,800-9,700)*.12) = $4,342
TurboTax Total Federal Tax is showing $4,345 (+$3 difference)
The math seems to deviate further the higher the income, for example for $100,000.
$100,000-$12,200 = $87,800
My math using IRS 2019 Tables: (9,700*.10)+((39,475-9,700)*.12)+((84,200-39,475)*.22)+((87,800-84200)*.24) = $15,246.5
TurboTax Total Federal Tax is showing: $15,253 (+$6.50 difference)
This difference is causing an incorrect federal refund on the application. Sometimes its over-payment, sometimes its under-payment. Can anyone validate they are seeing this issue as well? I only saw one similar post but it did not have a follow up on if this is a defect or not.
