The "Compare to U.S. Averages" section of TurboTax is wildly inaccurate. I'm seeing $407K which is WELL ABOVE the $50K or so published by financial publications. Has anyone else seen this?
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Answered in your other post:
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The software uses an income range depending on where yours falls....not the entire population that is used for the national averages
Up near the top of the Averages form you are looking at, it shows what income range it is using for an average...... for your situation.
IF your AGI is above 250,000. The average seems pretty useless.....seeing as they average in the entire top 5%, everyone from 250k up to an AGI of a $billion. But not the 95% of the population below 250k
Answered in your other post:
________________________
The software uses an income range depending on where yours falls....not the entire population that is used for the national averages
Up near the top of the Averages form you are looking at, it shows what income range it is using for an average...... for your situation.
IF your AGI is above 250,000. The average seems pretty useless.....seeing as they average in the entire top 5%, everyone from 250k up to an AGI of a $billion. But not the 95% of the population below 250k
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