turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

aastha512
New Member

Tax calculated by my turbo tax premier CD (from Costco) is more than what IRS tables show for my taxable income

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Carl
Level 15

Tax calculated by my turbo tax premier CD (from Costco) is more than what IRS tables show for my taxable income

that's because the tax tables are for W-2 income only. If you have other sources of income, they're not all taxed at the same rate. For example, short term investment gains are taxed at a higher rate than long term investment gains. Self-Employment income is also taxed differently than "ordinary" income.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question