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mclaurind
New Member

Line 44 calculated Tax is not correct per Tax Table for Married Filing Jointly

Calculated Tax is $650 less than the correct tax shown in Tax Tables.
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1 Best answer

Accepted Solutions

Line 44 calculated Tax is not correct per Tax Table for Married Filing Jointly

If you have Qualified Dividend and/or Long Term Capital gains, the tax tables give the wrong answer - too high. QD/LTCG are taxed at a lower rate than ordinary income.

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2 Replies

Line 44 calculated Tax is not correct per Tax Table for Married Filing Jointly

If you have Qualified Dividend and/or Long Term Capital gains, the tax tables give the wrong answer - too high. QD/LTCG are taxed at a lower rate than ordinary income.

Line 44 calculated Tax is not correct per Tax Table for Married Filing Jointly

You should have a "Qualified Dividends and Capital Gain Tax Worksheet" in your Forms somewhere, that describes the detailed calculation.
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