topic Calculating Total Tax in Get your taxes done using TurboTax

Calculating Total Tax

mcmark — Mon, 09 Mar 2026 08:57:21 GMT

Turbo Tax is calculating a total tax amount of $12,457 for a single tax payer with a taxable income of $49,913. According to the IRS tax tables, the total tax amount should be $6,529.

Re: Calculating Total Tax

DoninGA — Sun, 06 Mar 2022 19:53:07 GMT

So on your From 1040 Line 15 you have taxable income of $49,913 and on Line 16 you have Taxes of $12,457, is that correct?

Re: Calculating Total Tax

mcmark — Sun, 06 Mar 2022 20:13:55 GMT

I really appreciate your quick response!! $49,913 is on line 15, however the amount on line 16 is $6,662. Digging in deeper, I now see an amount on line 23 totaling $5,523 that wasn't there in previous years. Any idea what triggered line 23? Thanks

Re: Calculating Total Tax

VolvoGirl — Sun, 06 Mar 2022 20:17:41 GMT

See what other taxes you might have on Schedule 2

https://www.irs.gov/pub/irs-pdf/f1040s2.pdf

like an 10% Early Withdrawal Penalty on a IRA or 401K distribution. Or self employment tax.

To see all the forms you need to pay any fees first with a credit card.

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

Re: Calculating Total Tax

DoninGA — Sun, 06 Mar 2022 20:20:00 GMT

Did you have a net profit from self-employment then that would include Self-Employment taxes. Look at Schedule 2 for other taxes which may be included in that total on the Form 1040 Line 23