2019 MFJ taxable is $166,414. Proseries says federal tax is $27,288.
But calculating myself (based on tax brackets) I come up with $28,327.
The Fiirst $19,400 is taxed at 10%= $1,940
$59,549 taxed at 12% = $7,145.88
$87,463 taxed at 22%= $19,241.86
Why is proseries calculation different than mine? What am I missing?
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Look for the Schedule D Tax Worksheet in the list of forms on the left....see if that clears it up for you.
If you have LT Cap Gains you cant use the Tax Tables.
they have $15K in long term gains
Look for the Schedule D Tax Worksheet in the list of forms on the left....see if that clears it up for you.
If you have LT Cap Gains you cant use the Tax Tables.
BINGO
thank you. thank you. thank you. thank you!
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