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Get your taxes done using TurboTax
I am not quite sure of what is happening. Did you try to calculate your tax using the example I provided?.
Example: You are married filing jointly, have two children and you take the standard deduction ($24,400) and child tax credit ($4,000 for two children). Total wages $112,000
The US tax on this income is calculated as follows:
US tax on $112,000 is $6,989
US tax on $105,900 (amount excluded) would be $5,647
Net US tax payable
($6,989 - $5,647) = $1,342
Please provide an example of what you are questioning. Thank you for your assistance with this.
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‎April 12, 2020
9:55 AM