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Tax Rate Not Adding Up
Hi! For a number of reasons my husband and I are married, filing separately this year. After entering everything, Turbotax says his taxable income (so after the standard deduction) is $27,549. That's based on military retirement pay (1099R), job (W2), and a few dividends (1099DIV). That sounded great. But then the next line claims the Tax on that income is $6440. How does that even add up given the 2022 tax brackets? I get a manual figure closer to $3,100. I can't for the life of me figure out what could be causing this. Please help!
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‎February 17, 2023
10:06 AM