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Returning Member
posted Jul 12, 2020 8:14:14 PM

Tax calculation High

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?

0 4 459
4 Replies
Level 15
Jul 12, 2020 8:17:09 PM

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.

Returning Member
Jul 12, 2020 8:22:06 PM

@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?

Level 15
Jul 12, 2020 8:27:17 PM

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

Not applicable
Jul 12, 2020 8:50:52 PM

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