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April 13, 2024
Question

10% (my blended tax rate) of $8,851 (my taxable income) is $885 (rounded to the nearest dollar). Why is turbo tax calculating it to be $888?

  • April 13, 2024
  • 1 reply
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1 reply

April 15, 2024

TurboTax may be using the tax table to calculate your tax as opposed to the tax rate schedule. They may give different results but both methods are acceptable by the IRS.

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