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Deductions & credits
Turbo tax still calculates income tax owed after the standard deduction. Here is the current calculation (I still have about 2.5k of expenses to add which will not change this by much).
Additionally, the income tax rate is 22% (4,554 of 20,697) while it should be 12% in the Single income bracket of $11,601-$47,150. Am I understanding correctly that this is another error?
April 11, 2024
8:13 AM