Where can I see my tax calculation in the turbo tax final documents?

[Jennifer_A]

Using TurboTax Online, you can use the left hand menu to navigate to Tax Tools> Tools> Tax Summary.  Alternatively, and my favorite, in the left hand menu, navigate to the Review menu.  After a quick error check, you will get "your tax summary."  There is a drown arrow that will show total Income, Deductions, Taxable Income, Blended Tax Rate, and Tax Liability.

[Terri Lynn]

TurboTax uses various methods to calculate your tax liability depending on the specifics of your tax situation. To see how your taxes are computed, you can look at the worksheets used by TurboTax.
How to see how the tax was calculated and the tax computation worksheets, in TurboTax, depends on which version you're using; TurboTax Online or the desktop software,

• TurboTax tailors its calculations based on your income, deductions, and other details, so checking the Tax Smart Worksheet helps you see the specific methods and formulas applied to your situation.
• Different worksheets, like the Qualified Dividends and Capital Gains Tax Worksheet, for example, are used for figuring out exceptions to the regular tax rates, and are not always submitted to the IRS with your tax return, although they should be kept with your records.

To locate these worksheets and see how the tax is calculated, follow the steps below for your version of TurboTax:

For TurboTax Online:

1. Log into your TurboTax account.
2. Go to Tax Tools in the left menu, then click Tools and select View Tax Summary.
3. On the Tax Summary page, click Preview My 1040 from the menu.
4. Check the Form 1040 Worksheet (between lines 15 and 16) for the Tax Smart Worksheet, which breaks down how your taxes were calculated.
5. You can also print or save the return as a PDF and choose to include all worksheets for a complete review of the numbers.

For TurboTax Desktop, 

1. Log into your TurboTax account.
2. Go to Tax Tools in the left menu, then click Tools and select View Tax Summary.
3. On the Tax Summary page, click Preview My 1040 from the menu.
4. Check the Form 1040 Worksheet (between lines 15 and 16) for the Tax Smart Worksheet, which breaks down how your taxes were calculated.
5. You can also print or save the return as a PDF and choose to include all worksheets for a complete review of the numbers.

Please feel free to reach backout with any additional questions or concerns you might have!

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[tuxedorose]

I am looking at the worksheet you refer to (Im on TT premier MacoS desktop 2024) and i do not see the actual calculation of tax .  I want to see my marginal bracket and was expecting to see the 10% 12% 22% etc calculation.    I can see in forms view, the total tax but it is not a link, its a hard coded value.   

what am i missing 

[VolvoGirl]

@tuxedorose      Even though the full amount shows up in the total income on the 1040 lines 3b or 7, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from Schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return.   For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet.

IRS Qualified Dividends and Capital Gain Tax Worksheet—Line 16 on 1040 instructions page 36.  And you will need the IRS Tax Tables starting on page 64 or the Tax Computation Worksheet on page 76.
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

[tuxedorose]

yes i do see that qualified div and cap gain worksheet..  but on line 22 it just shows the tax amt (for the portion of taxable income that will be used with the tax tables )  as a hard coded value. it doesnt show how it calculated the amt.   It would be good to see the tax bracket used in the calc.... and also it would good for TT to show us  marginal tax bracket

am i missing something? thx

[Mike9241]

for line 22 look in the IRS 1040 instructions. tax table starting on page 64 for your filing status if line 5 is less than $100K otherwise use the tax rate schedule starting on page 109. alternatively, you can use the tax rate schedule even if line 5 is under $100K but you're likely to be off a few $. This will tell you the marginal rate used

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf 

[tuxedorose]

yes, of course i can look at the irs document tax table on their website ...but i was expecting TT to show me how it calculated the tax when it presumably used the table in its software