Turbotax is wrongly using the old Tax bracket thresholds now.

[CYA2023BOmld1]

Please look at this:

Description                                                                                      2023           2022           2021         2020

Taxable income above which the 20.5% bracket begins	$53,359	$50,197	$49,020	$48,535
Taxable income above which the 26% bracket begins	$106,717	$100,392	$98,040	$97,069
Taxable income above which the 29% bracket begins	$165,430	$155,625	$151,978	$150,473
Taxable income above which the 33% bracket begins	$235,675	$221,708	$216,511	$214,368

[rjs]

I don't know what you're looking at, or where your chart came from. The percentages in your chart do not correspond to the federal tax brackets for the years that you listed. Are you talking about a state tax calculation? If so, what state?

The tax bracket thresholds depend on filing status. What filing status is your chart for?

How do you know that TurboTax is using the wrong bracket thresholds? What year are you referring to as the "old" tax bracket thresholds? The tax return you are filing now is for 2022. The 2023 tax bracket thresholds do not apply.

Are you using TurboTax Online or the CD/Download TurboTax software?

You can find charts of the 2022 and 2023 federal tax brackets in the article at the following link. It also has links to the charts for earlier years.

2022-2023 tax brackets and federal income tax rates

[ee-ea]

@rjs 

@CYA2023BOmld1 

Chart is Canadian! https://www.taxtips.ca/priortaxrates/tax-rates-2020-2021/canada.htm

Here's the Canada TurboTax Community forum:

https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-ca

If you choose "English" there, make sure it has a Maple Leaf icon by it and not a US flag.

[CYA2023BOmld1 · Accepted solution]

I apologized for my misunderstanding two days ago. TurboTax software calculates correctly!