Manual Tax Calculation - $3 Difference

[GodFather]

At this point in tax season, I certainly have other more pressing issues.  With that said, I'm hoping someone can provide some insight.  Single taxpayer with taxable income of $41,754.  A quick manual calculation shows tax of $4,790.  The program is showing $4,793.  Yes, it's only $3 but wondering why the difference?  

Manual Tax Calc:

			Up To:	Up To:
Your Taxable Income	41,754		11,000	44,726
			30,754	30,754
Single Taxpayer Tax Rate			10%	12%
Tax			1,100.00	3,690.48	4,790.48

I'm also attaching a screenshot of the ProSeries Tax Summary showing the $4,793

[sjrcpa · Accepted solution]

The tax tables use a range of taxable income vs. the tax rate schedule using exact taxable income.

[GodFather]

Thank you. 

[IRonMaN]

@GodFather  - you are never going to keep pace with Jim if you spend that much time analyzing your tax returns 😜

[GodFather]

@IRonMaN  I recognize I need some mental health at this point in the season (and it's still early).  I'm seeking it here.  😉

[IRonMaN]

If I understand the rules correctly, tax advice is free here.  Counseling services are charged out at a bottle of Fireball for each 15 minutes of service.

[GodFather]

Is there any discount if I need hours of counseling???

[IRonMaN]

This is Intuit.  We can't discuss discounts in public but you can always call in to discuss the possibility privately.