Others have reported the same problem. Please don't refer me to the tax tables. This is a simple calculation that is absolutely wrong. It is not due to Turbo Tax rounding. How can we get Turbo Tax to update the software to correct the calculation?
Please check the instructions of form 1040 line 16 to see what is included in the total amount reported on line 16.
The only applicable amount included in line 16 is the amount based on the tax tables. There are no taxes from other forms that the instructions list, recapture, triggering events, etc. This return is very basic. Income is only wages and interest.
To take a closer look at the situation and submit a report to the development team if necessary, it would be very helpful to have a diagnostic copy of your tax file. The diagnostic file will not contain personally identifiable information, only numbers related to your tax forms.
If you would like to provide us with the diagnostic file, follow the instructions below and post the token number along with which version of TurboTax you are using and what states you are filing in a follow-up thread. If possible, please post a screenshot of the token number so that it will not be redacted.
Use these steps if you are using TurboTax Online:
If you are using a CD/downloaded version of TurboTax, use these steps: