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Level 2
February 27, 2021
Question

tax rates

  • February 27, 2021
  • 1 reply
  • 7 views

Turbo tax calculated my tax on taxable income of $18516.  They say the tax is $1728.  When I looked at the tax table it shows my tax should be $1853.  What am I missing?  Or is turbo tax incorrect?

 

Kathy

    1 reply

    Level 15
    February 27, 2021

    If you have qualified dividends or long term capital gains they are taxed differently than regular income.