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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.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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LT capital gain?
Answers are easy. Questions are hard!
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they have $15K in long term gains
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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.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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BINGO
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thank you. thank you. thank you. thank you!