Could the internal Turbo Tax tax tables be wrong? With the same taxable income in both 2018 and 2019 there are hugely different tax amounts due.

3 replies
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My mother-in-law has almost same income every year. She take std. deduction.

$4200 from pension

$3500 from IRA RMD

$15,100 from Social Security

$38,800 Dividends

$6900 Tax exempt Interest

So the total Income is usually approx. $56000 and Taxable is approx. $42,500. No other special situations.

For 2018, Turbo tax calculated $2,081 tax due. For 2019 it calculated $5,214. Why the big Diff?

DavidD66

Alumni - Intuit

No, the tax tables in TurboTax are not wrong. A detailed analysis of a tax return can't be done here in Community, but if you are using TurboTax Online, you can get TurboTax live and get a line by line review of your tax return. What is TurboTax Live?

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keisterm3001Author

Level 2

I'm using Windows TurboTax Premier in both 2018 and 2019. I just can't figure how the software got the very low (half) tax due from the same taxable income. the Tax Due for 2019 is correct as far as I can tell.

Thanks for the response.

DoninGA

Level 15

@keisterm3001 wrote:

I'm using Windows TurboTax Premier in both 2018 and 2019. I just can't figure how the software got the very low (half) tax due from the same taxable income. the Tax Due for 2019 is correct as far as I can tell.

Thanks for the response.

If you had qualified dividends in 2018, the tax tables are Not used. The tax is calculated on the Qualified Dividends and Capital Gains Worksheet - https://apps.irs.gov/app/vita/content/globalmedia/capital_gain_tax_worksheet_1040i.pdf