Why is my tax calculated by turbotax on $14,655 of taxable income at $1,348 different than IRS Tax Table calculation at $1,468?

[jdhenn]

This is for tax year 2020 using turbotax online and using 2020 IRS tax tables.

[VolvoGirl]

It depends on what kind of income you have, if you have capital gains or qualified dividends the tax on line 11 is not taken from the tax table but is calculated separately from schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all worksheets to see it.

For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet. See,
https://ttlc.intuit.com/community/forms/help/form-1040-line-11-amount-is-less-than-standard-irs-tax-...