TurboTax is saying "After applying your deductions, your taxable income was $57,872. Based on this amount, your total tax was $11,498." But Since I'm filing Married-Joint, my tax should be around $7,500 or so. Is TurboxTax calculating incorrect?
Yes for regular income tax. But you must have some other kind of tax like self employment tax or need to repay some marketplace insurance credit. Look at your 1040 lines 16-24. The total tax is on 24.
Before filing, You can preview the 1040 or print the whole return
Yes for regular income tax. But you must have some other kind of tax like self employment tax or need to repay some marketplace insurance credit. Look at your 1040 lines 16-24. The total tax is on 24.
Before filing, You can preview the 1040 or print the whole return