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k7iaham
New Member

Error in Turbo Tax Federal calculation of tax due???

Married filing jointly. Turbo Tax calculated our Federal Taxable Income as $180 and calculated the Tax Due as zero. But Federal 1040 Tax booklet tax table shows $19 Tax Due. Why the difference? I'll gladly pay the $19 if Turbo Tax will allow it in an online filing session.

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4 Replies

Error in Turbo Tax Federal calculation of tax due???

If you have qualified  dividends or capital gains then then tax rate is different (lower)  and tax tables are  not used to calculate the tax.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Error in Turbo Tax Federal calculation of tax due???

There is more  ways to compute your income tax  than the tax chart  ... if you had long term capital gains or qualifying dividends then look at the calculation worksheet included in the PDF of the return. 

k7iaham
New Member

Error in Turbo Tax Federal calculation of tax due???

Got it!  Many thanks for your help!

k7iaham
New Member

Error in Turbo Tax Federal calculation of tax due???

Thanks!  Now I'll put aside the 1040 detailed instructions and file the return...

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