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Could the internal Turbo Tax tax tables be wrong? With the same taxable income in both 2018 and 2019 there are hugely different tax amounts due.
My mother-in-law has almost same income every year. She take std. deduction.
$4200 from pension
$3500 from IRA RMD
$15,100 from Social Security
$38,800 Dividends
$6900 Tax exempt Interest
So the total Income is usually approx. $56000 and Taxable is approx. $42,500. No other special situations.
For 2018, Turbo tax calculated $2,081 tax due. For 2019 it calculated $5,214. Why the big Diff?
‎January 30, 2020
2:56 PM