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The average tax rate for 2020 in the Tax Planner is double that of my actual 2020 tax return?
I'm reconciling the estimated 2020 tax liability in the Tax planner (which I used for estimated tax purposes) to the actual tax liability in my 2020 income tax return. With the exception of the taxable portion of SSI (which I will estimate myself next year) everything else included in taxable income matched up very well and , certainly good enough for estimated tax purposes. The problem I experienced is that the calculated tax in Quicken is essentially double that of my actual tax liability. Has anyone else experienced this problem?