topic Re: Math calculations for taxes owed in Get your taxes done using TurboTax
https://ttlc.intuit.com/community/taxes/discussion/re-math-calculations-for-taxes-owed/01/2541#M1573
<P>I agree. I went back to file an amended 2015 tax and noticed. From tax table here: <A href="https://www.irs.gov/pub/irs-prior/i1040tt--2015.pdf" target="_blank">https://www.irs.gov/pub/irs-prior/i1040tt--2015.pdf</A> last page, it says 132805 taxable income is that times .25 minus 8412.5 which is 24788.75 but Turbo Tax Delus for that year recorded it as 24558. A difference of $230 difference. Unless I'm reading it wrong. 2014 Premiere was off by even more, over $300. WHat gives?</P>Thu, 12 Apr 2018 19:54:54 GMTDScruton2018-04-12T19:54:54ZMath calculations for taxes owed
https://ttlc.intuit.com/community/taxes/discussion/math-calculations-for-taxes-owed/01/515#M1571
<P>I noticed that the math is off when using the figures shown on the actual forms - for both Federal & State (CA in my case). The tax amounts owed (or refunded) are off by anywhere from $15 to $22. This seems to be beyond any rounding algorithms. Not sure if this exists elsewhere in TurboTax but now am suspect of the math in the product.</P>Tue, 27 Mar 2018 22:57:33 GMThttps://ttlc.intuit.com/community/taxes/discussion/math-calculations-for-taxes-owed/01/515#M1571ks2018-03-27T22:57:33ZRe: Math calculations for taxes owed
https://ttlc.intuit.com/community/taxes/discussion/re-math-calculations-for-taxes-owed/01/1045#M1572
<P>Thank you for reaching out to us <LI-USER uid="423"></LI-USER>. Which forms in particular are giving this error?</P>Mon, 02 Apr 2018 21:52:00 GMThttps://ttlc.intuit.com/community/taxes/discussion/re-math-calculations-for-taxes-owed/01/1045#M1572SSoumya2018-04-02T21:52:00ZRe: Math calculations for taxes owed
https://ttlc.intuit.com/community/taxes/discussion/re-math-calculations-for-taxes-owed/01/2541#M1573
<P>I agree. I went back to file an amended 2015 tax and noticed. From tax table here: <A href="https://www.irs.gov/pub/irs-prior/i1040tt--2015.pdf" target="_blank">https://www.irs.gov/pub/irs-prior/i1040tt--2015.pdf</A> last page, it says 132805 taxable income is that times .25 minus 8412.5 which is 24788.75 but Turbo Tax Delus for that year recorded it as 24558. A difference of $230 difference. Unless I'm reading it wrong. 2014 Premiere was off by even more, over $300. WHat gives?</P>Thu, 12 Apr 2018 19:54:54 GMThttps://ttlc.intuit.com/community/taxes/discussion/re-math-calculations-for-taxes-owed/01/2541#M1573DScruton2018-04-12T19:54:54Z