All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

Posts: 2
Registered: ‎03-12-2018

Tax Calculations 2017

When comparing the tax on 1040 Line 44 with the 2017 Tax Tables in the 1040 instructions, it was for a taxable Income approximately $8,000 less than  the Taxable Income of Line 43.  That comes after reducing the differential between AGI and Taxable Income of over $1500.  

Esteemed Neighbor
Posts: 216
Registered: ‎02-28-2016

Re: Tax Calculations 2017

[ Edited ]

If you are reporting any long term capital gains income on Schedule D, your tax may be figured using the Schedule D tax worksheet and not the standard tax tables.