mau3535
Returning Member

Tax Bracket went up from 12% to 22% but still paying 12%

Can someone please tell me what I am missing?

 

There are 2 scenarios for 2023 taxes. MFJ, standard deduction.

 

Scenario 1 - Taxable income = $84539.00 

                       Tax = $9679.00 (12%)

                        

Scenario 2 - Taxable income = $94369.00

                       Tax = $11313.00 (12%) 

        

Turbo tax is telling me my tax bracket went from 12% to 22% but in both calculations above

Turbo Tax's calculation is still 12% in scenario 2. Shouldnt it be ($20761.00) 22%?

Thank you!