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How is fed tax calculated

Does Turbotax Delux have a worksheet that shows how the fed tax on line 16 of F1040 is calculated? 

Is there a similar worksheet in the state products?

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1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

How is fed tax calculated

If you are using TurboTax Desktop, you can switch to Forms and look at 

1040/1040SR Wks

Scroll down to Tax Smart Worksheet 

 

Often the programs uses Tax Tables or 

Qualified Dividends and Capital Gain Tax Worksheet

 

 

Most states will tax on a certain percentage listed on the state return, but it depends on the state.

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3 Replies
KrisD15
Expert Alumni

How is fed tax calculated

If you are using TurboTax Desktop, you can switch to Forms and look at 

1040/1040SR Wks

Scroll down to Tax Smart Worksheet 

 

Often the programs uses Tax Tables or 

Qualified Dividends and Capital Gain Tax Worksheet

 

 

Most states will tax on a certain percentage listed on the state return, but it depends on the state.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How is fed tax calculated

Ok. I found the worksheet. Thank you.

JohnB5677
Expert Alumni

How is fed tax calculated

TurboTax does not have a Tax Computation Worksheet as a form or worksheet.

The calculation is done internally. 

 

You can see the Tax Computation Worksheet on page 77 of the IRS instructions for Form 1040. 

 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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