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Deductions & credits
If this is true - that your SE tax is calculated without first taking off the Standard Deduction - then why did Turbo Tax do just that? On our return, our amount owed (which includes Social Security Tax, Medicare Tax, and Federal Income Tax) was all determined after you all took off the standard deduction. So what you are saying goes against what Turbo Tax did. They calculated everything off of Taxable Income which came after deducting the Standard Deduction and the Qualified Business Income Deduction.
PLEASE EXPLAIN
‎July 13, 2023
11:51 PM