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Author: rochish One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: What is the actual tax on an AGI of 108,008? Date: 4/11/2010 12:20 PM
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Hi everyone,

It appears that different tax software are giving different numbers for the tax (line 44 of form 1040) for the same income. For instance, our AGI is 108,008 and we file married jointly with one additional dependent. Without accounting for any credits and with 3 exemptions (i.e., standard deduction of $11,400 and exemptions amount of 10,950), I obtain the following results for the tax.

TaxAct: $13,761

Dinkytown.com calculator: $13,777 (http://www.dinkytown.net/java/Tax1040.html)

Actual tax tables from publication 1040: $13,794

Because taxAct gives the lowest amount for tax, is it okay to use their number instead of the others? Would IRS be okay with that?

It almost seems too good to be true, which makes me think I've made an error somewhere. What am I missing?

Thanks in advance for any input you may have.
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