10% (my blended tax rate) of $8,851 (my taxable income) is $885 (rounded to the nearest dollar). Why is turbo tax calculating it to be $888?
013129
1 Replies
ThomasM125
Expert Alumni
Apr 14, 2024 5:30:43 PM
TurboTax may be using the tax table to calculate your tax as opposed to the tax rate schedule. They may give different results but both methods are acceptable by the IRS.