Why doe Turbo Tax calculate my 2020 taxes much lower than using the Tax rate schedule?

Turbo  Tax calculates my tax at $5785. The 2020 IRS Tax rate schedule calculates it at  $7800.

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Any Long Term Capital Gains?  They are taxed at a lower rate.

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Thanks for your reply. According to TurboTax Line 15, Taxable Income, is $68516. I had a long term capital gains loss, so no tax there. No short term capital gains. Line 16 Tax is $5782. According to the IRS Tax Rate Schedule, I'd be in the 12% bracket and my tax would be $7827. The difference is more than $2000. Why?

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How much on Line 3a Qualified dividends?  Those aren't taxed a the full rate either.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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Make sure line 7 on the 1040 is really a loss too.......Edited probably in parenthesis to show a loss... can be as much as -3,000  but no more.

 

Edit:  Just checked....Looks like they use a "-" sign, not a parenthesis for a loss

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*