turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

donhebb
New Member

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
1 Best answer

Accepted Solutions

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

This is a less than a 1% difference, so may be due to rounding of individual entries.

View solution in original post

9 Replies

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

For the tax liability on 1040 line 44?  It depends on what kind of income you have, if you have capital gains or qualified dividends the tax on line 44 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.  

Or where?  What line are you comparing?
donhebb
New Member

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

[Edited by Mod] Removed

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

Sorry we don't know what you are talking about, where?  We need more details to understand what you are seeing.

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

What taxes should be $9361?  Do you mean your refund?  What line on your return should be $9361?  Is the different the fees to be deducted?

You can (and should) preview your return.   Go to TAX TOOLS on the Left side.
(You might have to click a little to the left of "Tax Tools" to make it open

Then click on TOOLS
Then View Tax Summary (first link in the Tools Center box)
Then Preview My 1040 on the Left side again

Then Click Back near the top of your screen to exit the preview screen.

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing">...>
donhebb
New Member

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

Fed taxes that I paid were $9360.76.  My return in your system did NOT show that number.

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

OK now we're getting somewhere.  So the withholding shown on 1040 line 64 and/or estimated payments on line 65?  The difference is $63 which indicates a typo somewhere.  2 numbers are transposed, probably on your W2 box 2.  Check there.  If you can't find it then delete the W2 and re-enter it.  That will clear it out.

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

This is a less than a 1% difference, so may be due to rounding of individual entries.

donhebb
New Member

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

You gave me a USELESS answer.  Your system sucks if it can correctly add numbers.

Your report shows my Fed taxes as $9298. My calculator shows it as $9361. Why this error?

TT uses the same rounding methods as the IRS. Each entry is rounded to the nearer dollar.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v