thomas44
New Member

Retirement tax questions

I compared the tax rate schedule for our taxable income($29498 owed) to what Turbo Tax calculated  ($31864).  So seems it used 28% tax rate, not 25%. BUT, thanks to your info ...  although I can't find that worksheet in the forms, I did see that on line 44 on 1040, tax is correct at $29498.  THEN, my self-employment tax got added to come up with the "total tax" ... that is why it looks like higher tax rate applied.   Thank you so much for your great advice!