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New Member
posted Oct 29, 2019 7:47:53 PM

Why tax on $40000 3x lower than tax on $ 29000 ?

Turbo tax  says  My tax on  income of $40000 is about 500$ and that on My wife's  of 29000 4 is 1500 $ . can anyone explain ? (my  mistake?)

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1 Best answer
New Member
Oct 29, 2019 7:47:54 PM

Not really, without looking at the returns.  It could be that you had more income tax taken off and as a result owe less. You might have deductions for expenses that are transferred from one household member to another, you could have entered something wrong, either too little or too much.

1 Replies
New Member
Oct 29, 2019 7:47:54 PM

Not really, without looking at the returns.  It could be that you had more income tax taken off and as a result owe less. You might have deductions for expenses that are transferred from one household member to another, you could have entered something wrong, either too little or too much.