I always thought that INT income from a CD, would be treated the same as wage income. I am in the 24 percent tax bracket. as a test case, I subtracted 1k from my wages, turbo tax correctly deducted $240 from fed bill due. But when I subtracted 1k from 1099 int, turbo tax subtracted $278 from fed bill due. Why the difference? I thought that 1099 INT income is treated as wage income. Seems as if turbo tax is charging me a higher tax rate on 1099 INT vs wage income. I'm filing married jointly with around 200,000 combined income (24 pct tax bracket)
