topic Please Delete in Get your taxes done using TurboTax

Please Delete

bpolizzotti — Wed, 15 Jan 2025 21:39:21 GMT

Re: Federal Tax Calculation

xmasbaby0 — Wed, 15 Jan 2025 21:17:45 GMT

Interesting idea-----but are you aware that there is more than one tax table used? Did you have any qualified dividends, for instance?

Luckily the filter removed your phone number---which you posted to a public website that could be seen by anyone on the internet. TT filters out personal information to keep you safer from would-be identity thieves and scammers who would love to call or contact you and pretend to be from TurboTax. Do not put your personal information here.

Re: Federal Tax Calculation

DoninGA — Wed, 15 Jan 2025 21:19:24 GMT

If you have qualified dividends or capital gains on your tax return, the tax tables are not used.

The Qualified Dividend and Capital Gains Worksheet is used for tax liability - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=36

Or the Schedule D Worksheet - https://www.irs.gov/instructions/i1040sd#en_US_2024_publink100045219

Re: Federal Tax Calculation

VolvoGirl — Wed, 15 Jan 2025 21:23:33 GMT

Even though it shows up as income on the first page,if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return.

In the online version you need to save your return as a pdf file and include all worksheets to see it.

For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet. And you will need to use this IRS worksheet on page 15.

https://www.irs.gov/pub/irs-pdf/i1040tt.pdf

Re: Federal Tax Calculation

bpolizzotti — Wed, 15 Jan 2025 21:29:19 GMT