I've spoken with support on this and they recommend I buy an upgrade so I can speak with a tax specialist on this issue. I believe my desktop 2023 Turbo Tax Deluxe desktop software is making a calculation error of my tax due on Form 1040-SR. Details are as follows:
Filing Status: MFJ
Standard Deduction: 1 age 65
Line 9: $119,136.00 Total Income (correct calculation)
Line 12: $29,200.00 Standard Deduction (correct calculation)
Line 15: $89,936.00 Taxable Income (correct calculation)
Line 16: $10,214.00 Tax (calculation error)
Line 33: $10,632.00 Total Payments (correct calculation)
Line 34: $418.00 Refund (correct calculation based on Line 16, which is incorrect)
Based on the IRS 2023 Instruction booklet Tax Table on page 75, the Tax on $89,936.00 for Status MFJ should be $10,399.00, not $10,214.00. So, Turbo Tax is calculating a $185.00 greater refund than it should be. Refund should only be $233.00.
I don't believe I need to speak with a tax specialist.
