topic TurboTax under reporting amount of taxes on line 16 of the 1040's. Taxable income $52,113 but the tax amount on line 16 only shows $2,908 vs tax table $5,860 for joint?? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the-tax/01/2081510#M140573 How can this be?&nbsp;&nbsp;appears to be an error in the calculations, any thoughts? Mon, 15 Mar 2021 01:21:45 GMT tjrb5513 2021-03-15T01:21:45Z TurboTax under reporting amount of taxes on line 16 of the 1040's. Taxable income $52,113 but the tax amount on line 16 only shows $2,908 vs tax table $5,860 for joint?? https://ttlc.intuit.com/community/retirement/discussion/turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the-tax/01/2081510#M140573 How can this be?&nbsp;&nbsp;appears to be an error in the calculations, any thoughts? Mon, 15 Mar 2021 01:21:45 GMT https://ttlc.intuit.com/community/retirement/discussion/turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the-tax/01/2081510#M140573 tjrb5513 2021-03-15T01:21:45Z Re: TurboTax under reporting amount of taxes on line 16 of the 1040's. Taxable income $52,113 but the tax amount on line 16 only shows $2,908 vs tax table $5,860 for joint?? https://ttlc.intuit.com/community/retirement/discussion/re-turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the/01/2081555#M140582 <P>Any long term capital gains taxed at 0%?</P> Mon, 15 Mar 2021 01:30:31 GMT https://ttlc.intuit.com/community/retirement/discussion/re-turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the/01/2081555#M140582 SweetieJean 2021-03-15T01:30:31Z Re: TurboTax under reporting amount of taxes on line 16 of the 1040's. Taxable income $52,113 but the tax amount on line 16 only shows $2,908 vs tax table $5,860 for joint?? https://ttlc.intuit.com/community/retirement/discussion/re-turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the/01/2086628#M140940 <P>Thank you, you pointed me in the right direction. &nbsp;We have both long Term Capital gains and Qualified dividends taxed at 0% based on being below the income threshold. &nbsp;Not very happy that Turbo Tax does not provided the actual calculations, but nonetheless I received the right feedback. &nbsp;Thanks again.</P> Mon, 15 Mar 2021 20:46:55 GMT https://ttlc.intuit.com/community/retirement/discussion/re-turbotax-under-reporting-amount-of-taxes-on-line-16-of-the-1040-s-taxable-income-52-113-but-the/01/2086628#M140940 tjrb5513 2021-03-15T20:46:55Z