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1040 line 10 Taxable Income = $111,695 Line 11a & 11 incorrectly = $15,556 tax Tax Tables for Joint Married =$16,451.90 Talked to TT help and hope for explanation
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posted
June 1, 2019
12:12 PM
last updated
June 01, 2019
12:12 PM
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1040 line 10 Taxable Income = $111,695 Line 11a & 11 incorrectly = $15,556 tax Tax Tables for Joint Married =$16,451.90 Talked to TT help and hope for explanation
The tax table is one of 7 ways to compute the tax. If the tax table was not used then more than likely you had capital gains or qualified dividends so the "Qualified Dividend and Capital Gains Worksheet" was used to tax at a lower rate.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
June 1, 2019
12:12 PM
1 Reply
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1040 line 10 Taxable Income = $111,695 Line 11a & 11 incorrectly = $15,556 tax Tax Tables for Joint Married =$16,451.90 Talked to TT help and hope for explanation
The tax table is one of 7 ways to compute the tax. If the tax table was not used then more than likely you had capital gains or qualified dividends so the "Qualified Dividend and Capital Gains Worksheet" was used to tax at a lower rate.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
June 1, 2019
12:12 PM
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