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!
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
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