topic Tax Smart Worksheet in Self employed

Tax Smart Worksheet

gjgogol — Sat, 01 Mar 2025 17:17:22 GMT

hello - I was comparing the Tax Smart Worksheets from 2023 to my 2024 worksheet and noticed that in my 2023 worksheet, TT checked box 1 Tax Table, however, in my 2024 worksheet, TT checked box 2 Tax computation worksheet. I cannot figure out why different boxes where checked from one year to the next. Can anyone explain the difference to me and why it changed from 2023?

Re: Tax Smart Worksheet

KeshaH — Tue, 04 Mar 2025 02:43:37 GMT

If your taxable income is under $100,000 you'd have to use the tax table to calculate your tax liability. If your income is $100,000 or more, you'd use the tax computation worksheet. If your income increased from 2023 to 2024, you'd see a difference in how your tax liability is calculated.

See: Form 1040 Instructions

Re: Tax Smart Worksheet

gjgogol — Tue, 04 Mar 2025 15:30:57 GMT

@KeshaHYes! That was it! Thank you!