Blended tax rate?

[question everything]

I decided to give TurboTax another chance after they screwed up royally last year, beyond redemption. But I could not delete whatever was on there already.

So far so good, working from my spreadsheet and everything is fine except... the amount that we owe in taxes makes no sense.

Why? They take our taxable income - after deduction - and multiply it by 3%! Blended tax rate.

What? I google it and it applies to corporations!

Their specialist could not help, agreed that deleting and starting over may be the way.

Urggg

[Unwind Your Mind]

1. I wonder if it is possible

That when you set up your account, you may have accidentally marked that you were a corporation? It seems unlikely because a corp would have an EIN not a SSN. But something to check.

[question everything]

2. Thanks, I wondered, too. But it is easier to start over

Already entered most of the income and so far the counter is green - refund.

[PoliticAverse]

3. Have some blended scotch whiskey and start over. n/t