gobipat1
New Member

1099-INT is calculated wrong charging 30% Tax rate

Hi,

 

For Married Individuals Filing Joint Returns - $89,450 to $190,750 - I am at $147000 Gross. (22% bracket)

 

When I add 1099-INT $1000, my tax return is reduced by 30%. instead of 22%, why it's reducing it to 30%  ? How the turbo tax calculates my returns is confusing.

 

Thanks