topic tax rate in Get your taxes done using TurboTax

tax rate

gpnewman — Sun, 25 Jan 2026 17:20:10 GMT

My taxable income is showing at $33,762 and I'm filing married joint.

Based on tax table, up to $23,850, I should owe $2385 in tax @10% and the balance of $9912.00 at 12% would be $1189.44 for a total of $3574.44 but TT is showing I owe $4353 in tax. Why the difference?

This is coming to over 12% in tax for the entire amount. Can anybody tell me why?

Re: tax rate

DoninGA — Sun, 25 Jan 2026 17:26:30 GMT

What is your taxable income on the Form 1040 Line 15?

Did you report any capital gains or qualified dividend income on your tax return?

Re: tax rate

gpnewman — Mon, 26 Jan 2026 20:01:09 GMT

line 15 is showing $33762.

My qualified dividend income was $10k, but way under taxable amount.

Re: tax rate

DoninGA — Mon, 26 Jan 2026 20:20:23 GMT

Your taxes would be calculated using the Qualified Dividends and Capital Gains Tax Worksheet, not the tax tables.

Go to IRS Form 1040 Instructions page 38 for the worksheet - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=38

If you are using the TurboTax desktop editions, click on Forms. The worksheet should be shown on the left side of the screen. Click to open