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Level 2
July 13, 2020
Question

Tax calculation High

  • July 13, 2020
  • 2 replies
  • 22 views

For 2019, my Taxable income is $231,273, so I'm in the MFJ 24% bracket. Based on the 2019 Federal tax table, the tax I should pay is $28,765+ ($231,273-$168,400)*24% = $43854. TurboTax Premier computed my tax at $45610. Why the difference of $1756?

    2 replies

    VolvoGirl
    Level 15
    July 13, 2020

    What line is it on?  Is there a penalty on line 24?  Of maybe you owe a penalty for something else?  Check each line on your return.

    Level 2
    July 13, 2020

    @VolvoGirl 

    How do I check the line number? I have not filed it yet. Where do I check for the line # 24? I am trying to file using turbotax and it's showing me overall numbers. Am I missing anything?

    VolvoGirl
    Level 15
    July 13, 2020

    I assume you are using the Online version?  

    Before filing,  You can preview the 1040 or print the whole return

    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

    July 13, 2020

    look at schedule 2 to see if there were any additional taxes besides the income taxes.