I am doing my taxes on TT Deluxe for 2020. I, for the first time have a 1099-NEC to enter and when it's all said and done the computed tax rate is over 25%. I thought the tax rate for 1099-NEC and a contractor is supposed to be 15.3% according to the IRS guidelines. I have completed the 1099 and Schedule C through the step by Step method. I have even manually entered it into the forms with the same result. Taxable income on the summary is $91334 taxes $25329. Seems there is an error with TT Deluxe
