topic Error in Turbo Tax Federal calculation of tax due??? in Get your taxes done using TurboTax

Error in Turbo Tax Federal calculation of tax due???

k7iaham — Fri, 02 Apr 2021 19:18:29 GMT

Married filing jointly. Turbo Tax calculated our Federal Taxable Income as $180 and calculated the Tax Due as zero. But Federal 1040 Tax booklet tax table shows $19 Tax Due. Why the difference? I'll gladly pay the $19 if Turbo Tax will allow it in an online filing session.

Re: Error in Turbo Tax Federal calculation of tax due???

macuser_22 — Fri, 02 Apr 2021 19:21:32 GMT

If you have qualified dividends or capital gains then then tax rate is different (lower) and tax tables are not used to calculate the tax.

Re: Error in Turbo Tax Federal calculation of tax due???

Critter-3 — Fri, 02 Apr 2021 19:22:43 GMT

There is more ways to compute your income tax than the tax chart ... if you had long term capital gains or qualifying dividends then look at the calculation worksheet included in the PDF of the return.

Re: Error in Turbo Tax Federal calculation of tax due???

k7iaham — Fri, 02 Apr 2021 21:35:43 GMT

Got it! Many thanks for your help!

Re: Error in Turbo Tax Federal calculation of tax due???

k7iaham — Fri, 02 Apr 2021 21:38:31 GMT

Thanks! Now I'll put aside the 1040 detailed instructions and file the return...