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

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

de_mo
New Member

Does anyone noticed wrong total tax calculation when reviewing the instructions for the line 16 in IRS - filing status is Married filing jointly?

https://www.irs.gov/instructions/i1040gi#en_US_2023_publink24811vd0e10721

Under:  2023 Tax Computation Worksheet—Line 16


The calculation done in turbotax is incorrect when reviewing the formula described in:
Section B—Use if your filing status is Married filing jointly or Qualifying surviving spouse. Complete the row below that applies to you.
Connect with an expert
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.

3 Replies

Does anyone noticed wrong total tax calculation when reviewing the instructions for the line 16 in IRS - filing status is Married filing jointly?

There are like 7 different ways to calculate the tax.
It depends what kind of income you have. Even though the full amount shows up in the total income on the 1040 line 7, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from Schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all the worksheets to see it.


For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet. And you will need to use this IRS worksheet on page 15.
https://www.irs.gov/pub/irs-pdf/i1040tt.pdf

 

Does anyone noticed wrong total tax calculation when reviewing the instructions for the line 16 in IRS - filing status is Married filing jointly?

Nobody has mentioned it before.  It can be convoluted to figure the tax.  When I checked my Joint return it figured the tax right using the Qualified Dividends and Capital Gain Tax Worksheet and the section B table.

Does anyone noticed wrong total tax calculation when reviewing the instructions for the line 16 in IRS - filing status is Married filing jointly?

Print out  your Qualified Dividends and Capital Gain Tax Worksheet and check each line.  I did mine and printed out the IRS 2023 Tax Computation Worksheet  - line 16 and did my section B row by  hand.  It all matched and was right.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies