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TTax tax calculation in 12% single bracket does not match IRS tables
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TTax tax calculation in 12% single bracket does not match IRS tables
IF you have any
1) qualified dividends......... box 1b on a 1099-DIV
2) ..Cap gain Mutual Fund distributions.........box 2a on a 1099-DIV
or
3) Long Term gains from stocks or other securities sold during the year ...forms 1099-B/8949
Then those $$ are taxed at lower rates than in the tax tables, and special calculation worksheets are used.
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TTax tax calculation in 12% single bracket does not match IRS tables
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TTax tax calculation in 12% single bracket does not match IRS tables
Thank you very much! It was a 1099-DIV that threw off my calculation, and with your advice, I both learned something and was able to complete my check of the tax calculation!
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