Line 10 of my 2018 tax return is $252,784. Line 11a, is $48.744. I manually calculate the tax to be $49,247. Am I missing something?
Line 10 is correct but I cannot manually calculate the $48,744.
031302
1 Best answer
MinhT
Expert Alumni
Jun 3, 2019 4:57:27 PM
The amount of tax in TurboTax may be lower than the tax you calculated from the IRS tax tables because you may have qualified dividends or long term capital gains which are taxed at lower rates.
3 Replies
fanfare
Level 15
Jun 3, 2019 4:57:26 PM
that's why you use and pay for tax software.
MinhT
Expert Alumni
Jun 3, 2019 4:57:27 PM
The amount of tax in TurboTax may be lower than the tax you calculated from the IRS tax tables because you may have qualified dividends or long term capital gains which are taxed at lower rates.