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Why is the income tax lower than expected?
I m doing my federal income tax. My taxable income after all deductions is $28,828. Married filing jointly.
According to my hand calculation: Tax = $20550x10%+(28828-20550)x12%=$3048.36
I print out turbos tax return, it gives me $2,970. Why tax from turbotax is NOT $3048.?
Is turbo tax wrong? Help!
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‎February 25, 2023
12:36 PM