@georgep4055 If your 1040 line 15 "taxable" income is less than 100,000? .....IF that is the case, then the tax tables are used.....and that table works in $11-12 increments for the high end of...
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@georgep4055 If your 1040 line 15 "taxable" income is less than 100,000? .....IF that is the case, then the tax tables are used.....and that table works in $11-12 increments for the high end of taxable income......and $6 jumps at lower levels (or even less) For instance, if line 15 is between 99,000 and 99,050...the tax for MFJ is $11,614....but if you go $1 over to 99,051 on line 15, then the tax jumps $11. Of course, the tax table isn't always used by itself...since other factors like Cap gains a Qualified dividends as a part of line 15, that can make the tax somewhat lower. __________________ I don't see it as being too out of bounds, especially if you add another $20 to that interest, and the tax doesn't increase any. _________________ If you do have other income from 1099-DIV forms, or 1099-B capital gains, then the IRS Tax Tables are not used by themselves, and the only way to see how the tax was calculated would be to find/print the tax calculations worksheets. (the Qualified Dividends and Cap Gain Tax worksheet is most common...but it depends on exactly where all your sources of income comes from )