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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.
FYI there are 7 different ways your tax could be computed. most of the time it's not based on the tax as shown in the tax tables.. one of the most common reasons is qualified dividends and long-term capital gains. with online you must pay first to review the detailed worksheets and forms in your return.
The online editions do not provide the ability to directly view or access any of the worksheets. That option is only available when using the desktop editions in Forms mode.
Is the tax, Line 16, on the Taxable Income, Line 15, not correct according to the tax tables?
What is the taxable income and what is the tax shown on that income?
You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
No, it is not provided in the worksheets. It is merely an internal calculation you can never review. Incredibly frustrating.
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