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TT not calculating tax correctly from taxable income
My problem is maddeningly simple. According to TT, our taxable income after all deductions and exemptions is $33,230. According to the IRS tax table, for a married couple filing jointly the tax should be $3,599.
TurboTax tells me that our tax due based on our taxable income is ZERO. While I would be happy to pay no tax, I am very uncomfortable with this obviously incorrect outcome. Help!
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TT not calculating tax correctly from taxable income
Did you enter any qualified dividends or capital gains on your tax return? If so, the tax tables are Not used. The Qualified Dividends and Capital Gains Worksheet is used to calculate your tax liability, if any.
IRS QDCG Worksheet (2019) - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=33
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TT not calculating tax correctly from taxable income
Did you enter any qualified dividends or capital gains on your tax return? If so, the tax tables are Not used. The Qualified Dividends and Capital Gains Worksheet is used to calculate your tax liability, if any.
IRS QDCG Worksheet (2019) - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=33
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TT not calculating tax correctly from taxable income
I am sure that is the answer. Thank you!!!!
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TT not calculating tax correctly from taxable income
Thank you so much. I had the exact same problem.