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Is it possible to see precisely how Form 1040a Line 28 ("Tax") is calculated? The amount supplied by TurboTax does not match the 2017 tax table.

 
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Accepted Solutions
DawnC0
Intuit Alumni

Is it possible to see precisely how Form 1040a Line 28 ("Tax") is calculated? The amount supplied by TurboTax does not match the 2017 tax table.

The tax table you are looking at is for ordinary income only.  Some income is taxed at different rates (Qualified Dividends/Long-Term Capital Gains are taxed at a lower rate than ordinary income).  If you have any of the following included in your return, the tax table will not give you accurate results:  

  • Qualified Dividends and Capital Gain Tax Worksheet
  • Schedule D Tax Worksheet
  • Schedule J
  • Form 8615
  • Foreign Earned Income Tax Worksheet

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2 Replies

Is it possible to see precisely how Form 1040a Line 28 ("Tax") is calculated? The amount supplied by TurboTax does not match the 2017 tax table.

Do you have Long Term Capital Gains or Qualified Dividends?  If so, there should be a worksheet for that (you may need to look at the "all" worksheets).

Does your tax return have Form 6251?

Or do you have Foreign Earned Income that was excluded?
DawnC0
Intuit Alumni

Is it possible to see precisely how Form 1040a Line 28 ("Tax") is calculated? The amount supplied by TurboTax does not match the 2017 tax table.

The tax table you are looking at is for ordinary income only.  Some income is taxed at different rates (Qualified Dividends/Long-Term Capital Gains are taxed at a lower rate than ordinary income).  If you have any of the following included in your return, the tax table will not give you accurate results:  

  • Qualified Dividends and Capital Gain Tax Worksheet
  • Schedule D Tax Worksheet
  • Schedule J
  • Form 8615
  • Foreign Earned Income Tax Worksheet
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