2023 Federal Tax Calculation Error?

[CJ211]

Married Filing Joint

Line 15 Taxable Income $293,364

Line 16 Tax  $56,983

When I manually calculate the tax it comes to $57,207 = (293,364-190,750)*.24+32,580

This should be a straightforward calculation.  Is there an error in the tax calculation?  I have confirmed all lines up to this point match what is expected.

[CJ211]

adding comment to say that the software was updated this morning 2/14/2024.

[CJ211]

Further reading I think this may be due to Qualified Dividends.  This is the first year with QD for us. 

[JulieS · Accepted solution]

Yes, if your tax on line 16 doesn't match the tax tables, you should look for a smart worksheet for that line. This will indicate whether an alternative calculation was used. 

The image below shows the smart worksheet for a return where the Qualified Dividends and Capital Gain Tax Worksheet was used to calculate the tax. 

You can preview this is TurboTax Online:

1. Open your return.
2. Select Tax Tools from the left-side menu, then Tools.
3. Select View Tax Summary in the pop up box.
4. Select Preview my 1040 from the left-side menu.
5. You will see the Form 1040 with Schedules 1, 2 and 3.
6. Check line 16.
7. When you are done, select Back from the left-side menu. 
    

If you are using TurboTax Desktop:

1. Select the Forms icon toward the upper right corner.
2. Highlight Form 1040 in the list on the left. 
3. Find line 16.