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colabin
New Member

Federal tax you owe does not match the numbers calculated by other websites

Hello, 

 

    I am using Turbo tax desktop version. I am at the later stage of Federal Tax. At the page title

"XXXX, Let's Review Your Numbers", it shows a summary

You're almost done! Here's how your federal taxes look this year.

Federal Tax Summary

Your Total Income: A

Federal Deductions We Found For You: $14,604

Your Taxable Income: B

Federal Credits We Found For You: 0

How We Calculate Your Federal Refund

Federal Taxes You Owe: C

 

B is equal to A minus 14,604

I use two websites

https://www.nerdwallet.com/calculator/tax-calculator and https://www.calculator.net/tax-calculator.html to calculate the federal tax based on A and deductible $14,604. The numbers from the two websites are the same. However, they are ~1k less than C provided from Turbo tax. Does the number from TurboTax guaranteed correctness?

 

 

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1 Reply
JohnB5677
Expert Alumni

Federal tax you owe does not match the numbers calculated by other websites

If you are using desktop, please look at the actual tax return.

 

  • Be sure that you have the correct Filling Status.
  • Taxable Income is line 15
  • See the 2024 Tax Tables for your filling status
  • This is posted to line 16
  • There are adjustments to that tax listed 17-23
  • Total tax is on 24
  • Total Withholding and payments is in line 33
  • Overpaid (Refund0 line 34
  • Amount you owe line 37
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