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?
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.
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.