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I am Married Filing Joint. Tax Table says my tax should be $12,959. Why is my tax on Line 16 $12,902?

My 1040 on Line 15 Taxable Income is $97,152.  Going to the Tax Table for Married Filing Joint, my tax on Line 16 should be $12,959.  Is Turbo Tax wrong?
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3 Replies

I am Married Filing Joint. Tax Table says my tax should be $12,959. Why is my tax on Line 16 $12,902?

The tax table is only ine of 7 ways to calculate the tax depending on what is on the tax return.  Moat often it is qualified dividends or capital gains that used a worksheet to calculate the tax since those are taxed at a different rate.

 

Print all forms and worksheets to see the 1040/1040SR Worksheet  for the "Tax Smart Worksheet" that will show the method used.

 

Screen Shot 2021-05-04 at 2.59.53 PM.jpg

 

 

**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.**

I am Married Filing Joint. Tax Table says my tax should be $12,959. Why is my tax on Line 16 $12,902?

I received a response, so now I am satisfied.  Thank you!

I am Married Filing Joint. Tax Table says my tax should be $12,959. Why is my tax on Line 16 $12,902?

Thank you for your reply.  Since you stand behind the amount of my tax, I am satisfied that there is no error.  I signed and mailed my return as Turbo Tax prepared it.  Thanks again!

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