gkrish1001
Returning Member

Tax bracket confusion

After entering all details in Turbotax Premier, taxable income shows as about 159000 compared to 150000 in 2020. But the federal tax in 2021 shows as about 26000, compared to 22400 in 2020. That means the taxable income increased by about 9000, but tax increased by 3600, which is about 40%. Is this correct?