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D
deesun9
February 3, 2025
Question

My return Federal Tax amount doesn't match the IRS Tax schedule for Over 65 filing single. The taxable income is $78,921 and the Turbo Tax amount for line 16 is $11,874

  • February 3, 2025
  • 2 replies
  • 0 views
The 2024 Tax table for single filers is showing $12,417.

    2 replies

    B
    BillM223
    February 3, 2025

    Did you receive capital gains or qualified dividends? These are taxed differently than ordinary income.

     

    They are generally taxed at a lower rate...

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
      D
      deesun9Author
      February 3, 2025

      Yes I had both. Thank you so much. 

      X
      xmasbaby0
      Employee
      February 3, 2025

      Everything is not on that same tax table.   For example, do you have any qualified dividends or capital gains?

      **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
        D
        deesun9Author
        February 3, 2025

        Thank you. I did have both dividends and capital gains. 

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