Solved: Turbo says my regular tax is \$968 based on \$11,111 of taxable income. Tax tables show \$1113 for Married filing Jointly - (10%). I agree with tax income \$ but not tax \$ ??
Announcements
Get the latest stimulus news and tax filing updates.
cancel
Showing results for
Search instead for
Did you mean:
New Member

# Turbo says my regular tax is \$968 based on \$11,111 of taxable income. Tax tables show \$1113 for Married filing Jointly - (10%). I agree with tax income \$ but not tax \$ ??

recap: I'm in agreement on taxable income but question how turbo can calculate a tax that is not 10% as is the tax tables. table vs. turbo can differ due to % but not \$145 variance.
1 Best answer

Accepted Solutions
Highlighted
New Member

## Turbo says my regular tax is \$968 based on \$11,111 of taxable income. Tax tables show \$1113 for Married filing Jointly - (10%). I agree with tax income \$ but not tax \$ ??

The tax tables are not used for many tax calculations.  For example, if you had any capital gains or qualified dividends, that income is taxed at  a lower rate.  The tables are only used if all your income is taxed at ordinary income rates.

2 Replies
Highlighted
New Member

## Turbo says my regular tax is \$968 based on \$11,111 of taxable income. Tax tables show \$1113 for Married filing Jointly - (10%). I agree with tax income \$ but not tax \$ ??

The tax tables are not used for many tax calculations.  For example, if you had any capital gains or qualified dividends, that income is taxed at  a lower rate.  The tables are only used if all your income is taxed at ordinary income rates.

Highlighted
New Member

## Turbo says my regular tax is \$968 based on \$11,111 of taxable income. Tax tables show \$1113 for Married filing Jointly - (10%). I agree with tax income \$ but not tax \$ ??

thank you; your correct. I should have done better review of my 2017 notes. bert54
v
Privacy Settings