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Turbotax lists an effective tax rate of 19.45% for my 2022 fed return. I get 21.02% when I use their numbers and divide total tax by taxable income. Can anyone explain?
I have complicated returns that I understand pretty thoroughly. This year I decided to file my own returns using TurboTax. I was surprised by how well TurboTax worked. Then, after I filed, I caught this small discrepancy. Should I be concerned about this -- or about TurboTax more generally?
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March 31, 2023
11:09 AM