turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2024 Tax Calculation is wrong

In my case it was the Qualified Dividends that reduced my tax rate.  I didn't realize that the first $94,000 of dividends are tax free for married filing jointly.  The Capital Gains and Dividend worksheet helped me back into those calculations but boy does the IRS get to it in a backwards way.  It would be nice if TT summarized the different rates for each type of taxable income to simplify this analysis and increase our confidence in its calculations.  Also, it was confusing that no box was checked explaining where the calculation was coming from (tax table, etc.).  All good now, thanks to everyone for the responses!

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question