1332251
For 2019, my Taxable income is $304,416, so I'm in the MFJ 24% bracket. Based on the 2019 Federal tax table, the tax I should pay is $28,765+ ($304,416-$168,400)*24% = $61,359. TurboTax Premier computed my tax at $62,312. Why the difference of $962?
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Since the amount calculated by TurboTax is a little higher, I suspect it is due to an additional tax. You can check Schedule 2 for any additional taxes. The most likely tax is the additional Medicare tax on line 8 of Schedule 2.
Since the amount calculated by TurboTax is a little higher, I suspect it is due to an additional tax. You can check Schedule 2 for any additional taxes. The most likely tax is the additional Medicare tax on line 8 of Schedule 2.
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