Solved
How is fed tax calculated
Does Turbotax Delux have a worksheet that shows how the fed tax on line 16 of F1040 is calculated?
Is there a similar worksheet in the state products?
If you are using TurboTax Desktop, you can switch to Forms and look at
1040/1040SR Wks
Scroll down to Tax Smart Worksheet
Often the programs uses Tax Tables or
Qualified Dividends and Capital Gain Tax Worksheet
Most states will tax on a certain percentage listed on the state return, but it depends on the state.
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