turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

My taxable income was 27,975.00 and line 44 shows my tax to be $2878.00 yet when I look at every tax table it shows a greater amount of taxes due....can you explain why

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

My taxable income was 27,975.00 and line 44 shows my tax to be $2878.00 yet when I look at every tax table it shows a greater amount of taxes due....can you explain why

Yes, the tax due in the tax tables is calculated on ordinary income.

If some of your income is capital gains which is generally taxed at lower rates, your tax due may be lower than the tax tables.


View solution in original post

1 Reply

My taxable income was 27,975.00 and line 44 shows my tax to be $2878.00 yet when I look at every tax table it shows a greater amount of taxes due....can you explain why

Yes, the tax due in the tax tables is calculated on ordinary income.

If some of your income is capital gains which is generally taxed at lower rates, your tax due may be lower than the tax tables.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies