Skip to main content
TurboTax
Community
TurboTax
TurboTax
gpnewman
Level 2
Jan 25, 2026 5:20 PM UTC
Question

tax rate

My taxable income is showing at $33,762 and I'm filing married joint.

Based on tax table, up to $23,850, I should owe $2385 in tax @1074_2% and the balance of $9912.00 at 12% would be $1189.44 for a total of $3574.44 but TT is showing I owe $4353 in tax.  Why the difference?

This is coming to over 12% in tax for the entire amount. Can anybody tell me why?

 

 

    3 replies

    DoninGA
    Level 15
    DoninGALevel 15
    Level 15
    Jan 25, 2026 5:26 PM UTC

    What is your taxable income on the Form 1040 Line 15?

    Did you report any capital gains or qualified dividend income on your tax return?

    gpnewmanAuthor
    Level 2
    Jan 26, 2026 8:01 PM UTC

    line 15 is showing $33762.

    My qualified dividend income was $10k, but way under taxable amount.

    DoninGA
    Level 15
    DoninGALevel 15
    Level 15
    Jan 26, 2026 8:20 PM UTC

    Your taxes would be calculated using the Qualified Dividends and Capital Gains Tax Worksheet, not the tax tables.

    Go to IRS Form 1040 Instructions page 38 for the worksheet - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=38

     

    If you are using the TurboTax desktop editions, click on Forms.  The worksheet should be shown on the left side of the screen.  Click to open

    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Explore your options
    Terms & ConditionsAccessibility statement
    Sitemap
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2026 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    About Cookies Manage cookies

    TRUSTe nResult Certified e-File C-Level Security Certification
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Copyright © Intuit Canada ULC, 2026. All rights reserved.

    About Cookies Manage cookies

    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

    © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

    À propos des témoins Gérer les témoins