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Tax calculation seems off
Hello experts,
I have noticed that the tax calculation from turbo tax seems to be slightly off. That is, I'm single filing for 2021 with a taxable income of $64,001; line 15 on 1040. Using the tax smart worksheet the calulated tax is $9,472. If I use the tax tables I get a tax due of $9,834. If I calulate by hand, I get a tax of $9,828.72. This is quite a bit different than what Turbo tax calculates of $9,472 (Line 16, 1040). Anyone have a idea were my method for determining the tax is off by approximately $400?
Thanks in advance.
Dave
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March 10, 2022
11:23 AM