NOrfanos
New Member

Get your taxes done using TurboTax

I too am having the same struggles understanding it in the Summary pages of TT docs/pdfs. For starters the effective tax rate state 12.26% and not about of wishful thinking makes that a valid/true number. The effective tax rate should be total tax divides by taxable income. Using that formula it shows my effective tax at 21.83%. The state summary calculates correctly by the way. This error alone has cause me to second guess the whole of TurboTax. This is why I looked up the tax schedule on your site and IRS.gov. Luckily those two pages matched. If in fact I am paying for more than just taxes, ie. Social Sec, etc., should the summary not be programmed better to list out the numbers accurately? This is a huge letdown for such a pricy software package. Every year costs go up and it seams that desktop app quality is getting worse as the higher ups focus on Online versions which cost even more because of "LIVE" support.

 

If I were to double check the fine details on the printed forms where would I find the numbers for the Social Sec, and other line items that make the total bill?