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What do I do if the tax shown by Turbotax is over $2000. less than what the IRS tax table shows?

MY taxable income is $64,990. and the tax table shows the tax should be $7416.00 and Turbotax shows it should be $5261.  I don't want to submit this to the IRS without getting some explanation as to how this can so different and make sure I am paying the correct amount.

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2 Replies

What do I do if the tax shown by Turbotax is over $2000. less than what the IRS tax table shows?

Did you have long term capital gains included in your income?   They are taxed at a lower rate.
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What do I do if the tax shown by Turbotax is over $2000. less than what the IRS tax table shows?

Don’t forget that capital gains and qualified dividends are taxed at a lower rate. 

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