topic Solved in comments. in Get your taxes done using TurboTax

Taxable income= $72,821, married filing jointly, both over 80 years old. Turbotax calculation = $8,112 total tax, Form1040 tax table= $8,358 tax. Why the difference?

gene4318 — Mon, 03 Jun 2019 17:19:56 GMT

If you had qualified dividends and/or long term capital g...

Texas Roger — Mon, 03 Jun 2019 17:19:57 GMT

If you had qualified dividends and/or long term capital gains from the sale of an investment, you can't use the tax tables because that kind of income is taxed at lower rates than ordinary income. The tax tables assume all the income is ordinary income.

Thanks! Now it makes sense - to me.

gene4318 — Mon, 03 Jun 2019 17:19:58 GMT

Thanks! Now it makes sense - to me.

Solved in comments.

SweetieJean — Mon, 03 Jun 2019 17:19:59 GMT

Solved in comments.