My husbands tax rate seems incorrect. When doing our taxes (husbands and myself) on my own for the first time, on the downloaded version, our returns seem quite a bit higher this year than last year (by liberty tax) I have been checking and checking for errors. Last years taxes were 20.5% on turbo tax it says 15% in the summery. If I read correct it should be 15% for the first bracket then go up to 20.5 for the remaining income above the $46???? Amount. His average income tax return has been less than $1000 (done by a preparer) and now it’s $2200+ I do not feel confident this is correct.
Hello,
When reviewing a tax return because results are not what you expected, I have the following recommendations.
It may be just becoming familiar with the software to understand where all the information is entered. The EasySteps is designed to interview the client to help discover all the tax issues and values that may affect them. After the profile has been established though if there are any corrections necessary or omissions, the side-menu allows the client access to those areas that need correction, or simply if they want to validate the existing entries. These are the general steps I would follow, however, if you continue to have difficulty you may consider upgrading your service to allow for Expert Assistance where an expert may be able to review your return and assist you in making any corrections or additional entries.