FlyerTalk Forums - View Single Post - Taxable Valuation of Miles Won in Sweepstakes
Old Jan 11, 2005 | 12:29 pm
  #41  
Efrem
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Originally Posted by TRRed
IIRC, if your taxable income falls within the range covered by the tables, the IRS instructions require that you use the tax printed in the tables...
My goof. That's what happens when you use a computer for several years - you don't track that sort of thing, you just trust the TurboTax folks to get it right.

I played with my computer return for last year to see what happens. Sure enough, I could increase my income by about $30 with no change to the tax, but another dollar put it over the line and raised the tax by $15.
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