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Updated almost 2 years ago,
Fed tax disparity between 2021 and 2022 based on taxable income
I'm pulling my hair out over this years (2022) taxes. (turbotax)
I've worked through all the Federal taxes and in 2021 I had an AGI of $111387. My taxable income was $75202 and fed taxes were $3504. For 2022 my AGI was $80047, taxable income was $46273 and fed taxes of $5004.
This makes no sense. AGI and taxable income way less and taxes way more? What's going on?
I've worked through all the Federal taxes and in 2021 I had an AGI of $111387. My taxable income was $75202 and fed taxes were $3504. For 2022 my AGI was $80047, taxable income was $46273 and fed taxes of $5004.
This makes no sense. AGI and taxable income way less and taxes way more? What's going on?