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Get your taxes done using TurboTax
@Wasbroke wrote:
2020 Tax rate for Head of Household for $55468 should be 22% not 12%. $55,468 x 22% = $12,202 Not $6656.
My return shows $6656 with $55468 for taxable income on my 1040. Why?
For Head of Household on a 2020 federal tax return with taxable income on Form 1040 Line 15 of $55,468 should be $6,553 on Form 1040 Line 16. Using the 2020 Federal Tax Tables on IRS Form 1040 Instructions page 71- https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=71
March 25, 2021
1:17 PM