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Turbotax is incorrectly calculating my federal tax refund for 2020
Married, filing jointly. In 2019, we owed roughly $2000 in federal tax (12% bracket). In 2020, we had the same income (mostly interest + dividend income) but now Turbotax says we only owe $350 total.
I made quarterly estimated tax payments in 2020 and Turbotax is giving us a refund of $1688. That is too much I think. When I do the federal review, Turbotax does not find any errors.
I am using the windows CD version of Premier.
Any suggestions, anyone?
March 4, 2021
8:22 AM