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February 21, 2022
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IRS tax tables shows less federal tax owed than turbotax calculation

  • February 21, 2022
  • 1 reply
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Turbotax calculated mu taxable income is around $76,850, and turbotax shows $14,991 in federal taxes that seemed much higher than I expected.  I checked IRS 2021 tax tables and it shows $12,661 for single filer with taxable income of $76,850.  Why the difference???

    Best answer by mesquitebean

    No self employment income.  just 1099-R income and social security.



    @ alex1057 wrote:

    No self employment income.  just 1099-R income and social security.


    What line is the $14,991 on?   Is that Line 16 of your Form 1040?

    Are you using Online TurboTax or desktop software (CD/download)?

    1 reply

    Employee
    February 21, 2022

    Did you happen to have foreign earned income and used the FEI exclusion?

    alex1057Author
    February 21, 2022

    No Foreign income.  My taxes are pretty straight forward.

    Employee
    February 21, 2022

    Any self-employment income and thus SE tax?   i.e., is there anything on your Form 1040, Line 23 and anything on Schedule 2?