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Julrichh
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1040 TAX AND EARNED INCOME CREDIT TABLES (2023)

Turbo Tax TAX AND EARNED INCOME CREDIT TABLES (2023) is wrong . taxable $92,500 = $10,971 IRS table; Turbo tax=$12,396.  Why is TT delta $1,425 higher?

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2 Replies

1040 TAX AND EARNED INCOME CREDIT TABLES (2023)

Use the interactive IRS tool for EIC

 

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

1040 TAX AND EARNED INCOME CREDIT TABLES (2023)

for 2023 the IRS income tax tables show 10971 as the tax on taxable income of from 92500-92550 (no income entitled to special treatment like long-term capital gains or qualified dividends) for married filing joint

there is no earned income tax credit at that income level.

for the 1425 look at 1040 lines page 2 lines 16,17,19,20.23,27,28,29,31 and 38

many of these come from schedule 2 or 3

 

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