Re: The taxed owed amount calculated from TurboTax does not match my calculations and other calculators I found online. 1040 line 12.a tax calculated on 11.b is incorrect.

The taxed owed amount calculated from TurboTax does not match my calculations and other calculators I found online. 1040 line 12.a tax calculated on 11.b is incorrect.

posted

Did you enter any quailified dividends or have capital gains on your federal tax return? If so, the tax tables are not used. The Qualified Dividends and Capital Gain Tax Worksheet is used to calculate the taxes.

IRS QDCG worksheet - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=33