shoozz
Returning Member

Incorrect Tax Amount Calculated by Turbo Tax

I just completed my son's taxes with Turbo Tax. Taxable income is $7562.00. TT says the balance tax due is $1645.00 (18.99% tax rate. The IRS say the tax rate should be 10%. ($756.00). What am I missing? Included in his tax liability was $124.00 for qualified dividends.

 

Need help please.