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TaxCaster 2021 seems inaccurate.
Hello,
Taxcaster is showing a roughly $540 tax balance due with $13,500 net self-employment income, and the $1,400 stimulus for 2021. This seems far lower than what I had estimated (~$2,000). I'm single, mid-30s, with no dependents.
In the summary I see ~1,900 in federal taxes minus ~$1370 in credits.
I also run this through TurboTax 2021, and got an even lower estimate of $250 due, with possibly slightly lower net income.
So I guess my question is, are these at all accurate estimates?
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‎December 28, 2021
12:22 AM