Using an excel spreadsheet and the tax bracket calculations I am showing I should be getting money back on my taxes, but TT is showing I still owe $30k. I have checked the bracket calc table multiple times and I'm not sure why TT is saying I owe more?
You'll need to sign in or create an account to connect with an expert.
We cannot see or verify the origin or accuracy of your Excel spreadsheet here. We also cannot see your return here, as this is a public forum.
Instead of using the spreadsheet, you might try using the official IRS tax tables here. Please keep in mind that some of your taxable income may be subject to favorable capital gains rates, so your calculated tax may actually be LOWER than the tax tables.
Thanks. My calcs are based off the irs tax tables you linked. I'm just not sure why turbo tax is saying my tax is higher than what the calcs off the tax table is. Is there a way to see how turbo tax is actually calculating it?
Also, do you know why the tax worksheet in the table link you provided is different than calculating using the progressive tax tables? Both methods render totally different tax amounts.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Jcmorgan-Jc
New Member
tc24ever
New Member
exmundolillian
New Member
tonyych
New Member
raymomorey18
New Member