TurboTax is Incorrectly Calculating Taxes

[whaccha]

I have $187,244 of taxable income - married filing jointly - TurboTax says Federal Taxes due are $85,806. That's more than double what I calculate manually for a married couple filing jointly. My calculation using the 2024 tax tables is about $31,298. 

[KeshaH]

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

If you're using TurboTax Online:

Once you're logged in to your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

Please reply to this message with your token so that we can further assist you. Let us know what state is included in your return.

[whaccha]

Token number 13563578265183239-86264834

[whaccha]

Illinois

[KeshaH]

The additional tax is "unreported Social Security and Medicare tax" from your W-2. In box 12, you have reported amounts in box 12a and 12b with codes A & B. This reports the unreported Social Security and Medicare tax. If these aren't the codes that are showing on your actual W-2, you'll need to update your entries to correct your tax liability.

[whaccha]

That fixed it. Thank you.