The total for investments & savings does not equal the summary total. In fact it is more. Why?

Please clarify your question by providing some additional information so we may better help you. Such as; What version of TurboTax are you using? What two screens/forms  are you comparing?

2024 TurboTax premium.  The wage & income page versus the add/edit list.

I just looked at a return in Premium and the Investments and Savings total from the Wages & Income list would not necessarily match the total of the individual items. If you have capital gains, they will be taxed at a different rate.

 

Once you have paid for your Online product, you can preview your return including all the schedules. See here for details. 

 

So it would change or adjust a total instead of taxes owed shown later based on varying percents?

Yes, capital gains are taxed based on a percentage.  Per the IRS, "Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2024, the tax rate on most net capital gain is no higher than 15% for most individuals.
A capital gains rate of 0% applies if your taxable income is less than or equal to:

• $47,025 for single and married filing separately;
• $94,050 for married filing jointly and qualifying surviving spouse; and
• $63,000 for head of household.

A capital gains rate of 15% applies if your taxable income is:

• more than $47,025 but less than or equal to $518,900 for single;
• more than $47,025 but less than or equal to $291,850 for married filing separately;
• more than $94,050 but less than or equal to $583,750 for married filing jointly and qualifying surviving spouse; and
• more than $63,000 but less than or equal to $551,350 for head of household.

However, a capital gains rate of 20% applies to the extent that your taxable income exceeds the thresholds set for the 15% capital gain rate.

There are a few other exceptions where capital gains may be taxed at rates greater than 20%:

1. The taxable part of a gain from selling section 1202 qualified small business stock is taxed at a maximum 28% rate.
2. Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate.
3. The portion of any unrecaptured section 1250 gain from selling section 1250 real property is taxed at a maximum 25% rate.

Note: Net short-term capital gains are subject to taxation as ordinary income at graduated tax rates."

 

See the link below for more information:

 

• Capital Gains Tax Rate

@wwwjulie