The federal tax turbo tax quoted is not the same as the federal tables, why is it over $4,000 different?

[donna2]

According to the 1040 form our taxable income was $99,144. You calculated our taxes on that amount to be $12,811.  The Federal tax table says it should be $16,259. Why is there over a $3,000 difference between what the federal says we should pay and what you say we should pay?

[MinhT · Accepted solution]

The most probable reason for the difference is that you have qualified dividends and/or long-term capital gains which taxed at a lower rate than ordinary income.