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Questioning TurboTax Tax-owed calculation
I hate to even bring this up, but in doing my sister's (70+) 2021 taxes, she comes up with a Line 15 Taxable Income of $49,044 - and the TurboTax calculated Tax on Line 16 shows a Tax of $6,357.
I am sure I am missing something, and I shouldn't complain since the tax is lower,
but when I do the tax calculation by hand, I come up with a tax of $6,538.
(2021 Tax brackets of $9,950, $40,525 for the 10%, 12% & 22% brackets - giving $8,519 @ 22%)
Additionally, using one of the on-line Tax calculators, they also come up with a $6,538. Tax.
Even using the Tax Table from the IRS 2021 Publication 17 Tax Guide, it shows a Tax of $6,534.
SO, WHAT ARE WE DOING WRONG?
ron in shawnee
‎February 12, 2022
6:35 AM