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    1040 federal single tax calculation is off.

    brian2
    Level 2

    TAX INCREASED $12 WITH A $5 1099-R ADDED.  SINGLE INDIVIDUAL TAXABLE INCOME WAS $84,497 WENT UP TO $84,503 ($5 1099 -R PLUS $1 LESS IN MEDICAL DEDUCTION) $6 INCREASE IN TI.  BUT TAX WENT UP $12.  WHEN YOU MANUALLY CALCULATE THE TAX USING THE TAX TABLES THE TOTAL TAX AT $84,497 IS $14,569 BUT PRO-SERIES HAS $14,564 AND THE TAX AT $84,503 MANUALLY CALC IS $14,570 BUT PRO SERIES HAS $14,576.  I UNDERSTAND IT IS SMALL DOLLARS BUT WE SHOULD BE ACCURATE WITH THE TAX CALCULATION.


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    rbynaker
    Level 14

    Looks like a $12 tax difference to me:

    https://www.irs.gov/pub/irs-pdf/i1040tt.pdf

    See page 13.

    View solution in original post

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    2 Comments 2
    Terry53029
    Level 15
    Level 15
    are there capital gains or qualified dividends.
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    rbynaker
    Level 14

    Looks like a $12 tax difference to me:

    https://www.irs.gov/pub/irs-pdf/i1040tt.pdf

    See page 13.

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