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Get your taxes done using TurboTax
Thank you. So my Schedule C/1040 should show amounts for:
Line 16, 18, 22 (Tax)
Line 23 (Other taxes, including self-employment tax, from Schedule 2, line 21)
Right?
I still have to complete my 2022 return but I am concerned that my 2021 return (which I am using as my template) is incorrect. It shows:
Line 24 (total tax): 37% of my taxable income.
In 2021, my tax bracket should have been 22%.
How could that be? Thanks for the help!
‎September 27, 2023
3:37 PM