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Wrong tax calculation?
I am single and have a fairly simple income composition. The taxable income is $124,028. last year (line 15 on Form 1040), according to TCW, the tax should be:
$124,028*0.24 - $5979 = $23787.
Yet Turbox form generated form says the tax should be $23,601. (line 16 on Form 1040)
Why is the difference? Am I missing anything here?
Many thanks.
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‎February 27, 2022
11:25 AM