Solved
Our total adjusted income was $149K, prior to adding a 1099-INT statement valuing $648, we owed $3 in Fed income taxes, once I entered it, we suddenly owed $225 - why?
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The roughly 34% marginal tax rate is likely due to either the additional $648 of taxable income increasing the taxable amount of some other income such as Social Security benefits, the pushing of some amount of long-term capital gains or qualified dividends to be taxed at 15% instead of 0%, or to a decrease in some sort of tax credit caused by the increase in AGI. You would have to examine your tax return side-by-side with and without the additional $648 to know what side-effect is the cause.
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