janeshmane
Junior Member
What is the name of your state?
IL
I'm finishing up my taxes on Turbo Tax and as I ran through their "comparison to national averages" tool I saw a really troubling statistic.
According to them, my tax liability was around $25,000 while the average in my bracket was just under $7,000! How can this be? I thought I was being pretty generous to myself with my deductions (I'm self-employed, work from home) but clearly I am missing something. Any ideas on what could explain this huge discrepancy?
Thanks in advance.
IL
I'm finishing up my taxes on Turbo Tax and as I ran through their "comparison to national averages" tool I saw a really troubling statistic.
According to them, my tax liability was around $25,000 while the average in my bracket was just under $7,000! How can this be? I thought I was being pretty generous to myself with my deductions (I'm self-employed, work from home) but clearly I am missing something. Any ideas on what could explain this huge discrepancy?
Thanks in advance.