topic IRS tax tables shows less federal tax owed than turbotax calculation in Get your taxes done using TurboTax

IRS tax tables shows less federal tax owed than turbotax calculation

alex1057 — Mon, 09 Mar 2026 05:24:55 GMT

Turbotax calculated mu taxable income is around $76,850, and turbotax shows $14,991 in federal taxes that seemed much higher than I expected. I checked IRS 2021 tax tables and it shows $12,661 for single filer with taxable income of $76,850. Why the difference???

Re: IRS tax tables shows less federal tax owed than turbotax calculation

mesquitebean — Mon, 21 Feb 2022 06:47:34 GMT

Did you happen to have foreign earned income and used the FEI exclusion?

Re: IRS tax tables shows less federal tax owed than turbotax calculation

alex1057 — Mon, 21 Feb 2022 06:51:27 GMT

No Foreign income. My taxes are pretty straight forward.

Re: IRS tax tables shows less federal tax owed than turbotax calculation

mesquitebean — Mon, 21 Feb 2022 07:14:19 GMT

Any self-employment income and thus SE tax? i.e., is there anything on your Form 1040, Line 23 and anything on Schedule 2?

Re: IRS tax tables shows less federal tax owed than turbotax calculation

alex1057 — Mon, 21 Feb 2022 07:02:16 GMT

No self employment income. just 1099-R income and social security.

Re: IRS tax tables shows less federal tax owed than turbotax calculation

mesquitebean — Mon, 21 Feb 2022 07:13:41 GMT

@ alex1057 wrote:
No self employment income. just 1099-R income and social security.

What line is the $14,991 on? Is that Line 16 of your Form 1040?

Are you using Online TurboTax or desktop software (CD/download)?

Re: IRS tax tables shows less federal tax owed than turbotax calculation

alex1057 — Mon, 21 Feb 2022 07:09:21 GMT

I had to go to preview to figure that out. Line 16 shows correct tax amount. line 17 shows extra tax from schedule 2 line 3. That is the difference. Thanks!

Re: IRS tax tables shows less federal tax owed than turbotax calculation

mesquitebean — Mon, 21 Feb 2022 07:13:14 GMT

@alex1057 wrote:
I had to go to preview to figure that out. Line 16 shows correct tax amount. line 17 shows extra tax from schedule 2 line 3. That is the difference. Thanks!

Schedule 2, Line 3 is the total of any Alternative Minimum Tax (AMT), if applicable, and any repayment of excess advanced premium tax credit.

You're welcome. Good luck.

Re: IRS tax tables

joeleemc — Tue, 19 Jul 2022 14:26:15 GMT

Where can I find the SS Tax that is deducted my Income

Re: IRS tax tables

DoninGA — Tue, 19 Jul 2022 14:37:15 GMT

@joeleemc wrote:

Where can I find the SS Tax that is deducted my Income

If you are referring to the taxable portion of the Social Security benefits you received that is on your 2021 federal tax return Form 1040 on Line 6b.

Or if you are referring to the Social Security taxes you paid on your wages that is on the W-2 you received from your employer in box 4.

Re: IRS tax tables

NCperson — Tue, 19 Jul 2022 15:26:08 GMT

@alex1057 and what is on your W-2 (box 4) is NOT a deduction anywhere on your tax return,.

Re: IRS tax tables

joeleemc — Tue, 19 Jul 2022 21:12:41 GMT

I need the Handbook from IRS that gives a breakdown of Taxis Paid to employees.

Re: IRS tax tables

VolvoGirl — Tue, 19 Jul 2022 21:58:25 GMT

Here are some links I found for you. Employee Expenses See IRS Pub 535 page 7
https://www.irs.gov/pub/irs-pdf/p535.pdf

IRS Pub 15 Employer Tax Guide
https://www.irs.gov/pub/irs-pdf/p15.pdf

Pub 15A https://www.irs.gov/pub/irs-pdf/p15a.pdf
Pub 15B https://www.irs.gov/pub/irs-pdf/p15b.pdf
Pub 15T Withholding Methods https://www.irs.gov/pub/irs-pdf/p15t.pdf

Re: IRS tax tables

VolvoGirl — Tue, 19 Jul 2022 22:02:41 GMT

Or do you want to know how much your employer takes out for Social Security? You pay 6.2% SS tax (W2 box 4) on the SS wages (W2 box 3) and 1.45% for Medicare Tax in W2 boxes 5&6. For 2021 the max for Social Security is $8,853.60 on $142,800 of wages.