Hi! The tax that TurboTax enters on Line 16 of my Form 1040 doesn't match what I come up with when I use the IRS 2022 Tax Computation Worksheet for Line 16. Specifically, TurboTax enters $25,804 on Line 16, but when I use the formula for my income level shown in the 2022 Tax Computation Worksheet, Section B ("Married filing jointly", which is my status), I get $25,826.80. A difference of $22.80. I can't figure out why. Does anyone have an idea why this would be? Should I be concerned about this, or am I just missing something? Thanks very much to anyone who can help me!
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One possiblity is that you have some capital gain income or qualifed dividends which would require a special calculation. If so you will see a qualified dividends and capital gain tax worksheet when you print your return that will show you how the tax is calculated.
One possiblity is that you have some capital gain income or qualifed dividends which would require a special calculation. If so you will see a qualified dividends and capital gain tax worksheet when you print your return that will show you how the tax is calculated.
Thanks so much ThomasM125! I checked my return, and sure enough: the qualified dividends and capital gain tax worksheet clears up this mystery. Thanks again!
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