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@rmlbiii wrote:
The parent's rate is 24% but the tax is coming out to be approximately 45% and then in the summary it says 12%. Something is screwy.

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Is the actual INCOME TAX increasing by 45%?  Or is that 'extra' income affecting other things on the tax return as well?  Look at all of the numbers on the 1040 and Schedules both before and after to see what exactly changes.

The summary screens can be screwy and sometimes can be misleading.  So ignore that and just look at what is on the forms.