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Should my tax liability agree with the 2018 IRS tax schedule?

Forum|Forum|7 years ago
June 4, 2019
3 replies
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my tax liability calculated by turbo tax does not agree with the tax liability from the IRS tax table.

TurboTax Premier Windows

Best answer by JohnW15

When you enter any qualified dividends or capital gains on your return, taxes will not be calculated using the tax tables, but using the Qualified Dividends and Capital Gains worksheet. This worksheet will result in lower taxes than in the tax table or tax schedule.

Glad you were able to see what the issue was!

J

JohnW15

Employee

Did you enter any qualified dividends or capital gains on your return? If so, the taxes are not calculated using the tax tables, but using the Qualified Dividends and Capital Gains worksheet.

B

bmck110Author

You are so right! I just verified that the tax computation is correct. Thanks for the quick response. I am really checking things out because my refund is $8,321 and I usually owe very little or have a small refund. I didn't change my withholding on my social security and pensions from last year and my tax bracket has lowered along with the tax cut is why I am receiving a huge refund

J

JohnW15Answer

Employee

When you enter any qualified dividends or capital gains on your return, taxes will not be calculated using the tax tables, but using the Qualified Dividends and Capital Gains worksheet. This worksheet will result in lower taxes than in the tax table or tax schedule.

Glad you were able to see what the issue was!