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Federal Tax due amount after adding SS benefit
I am surprised at the big change of federal taxes due after I add my SS benefit.
After entering income totaling $66,791.00 I owed $618.00 federal tax.
After adding $28,658.00 Social Security benefit my federal tax due is now $5,975.00.
I have reviewed various internet sites to find the answer for the big change but have
not found any good answers. Could the coding be wrong within turbo tax?
‎January 31, 2022
3:19 AM