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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?

 
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1 Reply
ThomasM125
Expert Alumni

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?

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.

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