@cdforte45 wrote:
I just finished using TurboTax 2020 Premier. For a taxable income of $97,868. , it calculated my tax as $12,140. Because you had a problem in your 2019 version, I downloaded the tax tables for year 2020 for comparison. According to the 2020 tax table for taxable income between $97,850 and $97,900 for married filing jointly, I owe $13,113. I am very distressed that I can no longer trust TurboTax to do accurate calculations. I think that the problem is that you are calculating based on a tax bracket that is incorrect instead of using the proper tax table. Only incomes over $100,000 should be calculated based on a tax bracket.
Did you enter any Qualified Dividends or Capital Gains on your 2020 tax return? If so, the tax tables are not used.
The Qualified Dividends and Capital Gains Worksheet or the Schedule D Worksheet is used -
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=35
https://www.irs.gov/pub/irs-pdf/i1040sd.pdf#page=16
