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State tax filing
It appears Turbo Tax is calculating 5.97% of the NYS taxable income on line 37, instead of applying the tax table rule of finding the base tax and adding the excess calculation to that.
161,407 x 5.97 = 9636.00 versus 161,407 = 2093 plus 5.97% of excess over 107,650 (43K)
I calculate on paper 2093 + 7068.90 = 9161.90
This is an overpay variance of 474.10
What am I missing?
March 10, 2022
6:23 PM