Skip to main content
February 11, 2021
Question

Will TurboTax tax table calculations be updated? Current total tax calculated is not consistent with current IRS tax table per irs.gov

  • February 11, 2021
  • 1 reply
  • 0 views
No text available

1 reply

DoninGA
Employee
February 11, 2021

The Tax Tables included in the TurboTax software are the exactly same as the IRS tables for tax year 2020.

 

Look at your taxable income on Line 15.  Then look at your taxes on Line 16 and include all taxes shown on Lines 17, 22 and 23.  Your total tax is shown on Line 24.

 

Note - If you entered any Qualified Dividends or Capital Gains, the tax tables are Not used.  The Qualified Dividends and Capital Gains Worksheet is used.

 

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.