Hi Jullie,
Thanks for your response.
Here are the details.
TurboTax Software used : 2021 Desktop Version
Tax Software updated on : 3/12/2022
Tax Prepared : Federal Income Tax 2021
Filing Status : MFJ
Ref Form 2021 : 1040
Line 15 Taxable Income : 102,075.00
Line 3a Qualified Dividends : 5,471.00
Amount to be Taxed using IRS Tax Table for 2021 = (102,075 Minus 5,471 = 96,604.00)
Tax Calculations as below :
1) 19,900 @ 10% = 1,990
2) 61,150 @ 12% = 7,338
3) 15,554 @ 22% = 3,422
4) 5,471 @ 15% = 821
Total Tax(1+2+3+4) above = 13,571.00
Tax Calculated by TurboTax on line 16 = 13,576.
Hence there is a discrepancy of $5.00
Kindly let me know if I need to provide any other details.
Regards
