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Tax Rate seems low?
I've had a couple years where Turbo Tax results in pretty low taxes. I did just retire, so have no income, but even then seems like I would have higher taxes just based on investments. When I try to figure out where the tax calculation is coming from . .... I THINK it is the Qualified Dividends and Capital Gains Tax worksheet. Maybe that excludes a lot? I'm concerned TT isn't getting my calculated taxes right as my tax rate seems to be .5% (.005) or so. ?
May 21, 2024
12:17 PM