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- Please explain how the effective tax rate on the Turbo Tax . . . - Intuit
The effective tax rate for individuals is the average rate at which their earned income, such as wages, and unearned income, such as stock dividends, are taxed
- Turbotax Federal Effective Tax rate (what is included)
You can see your effective tax rate on the first page called: “Electronic Filing Instructions for Your 202x Federal Tax Return ” And the effective rate is calculated by dividing your Total Tax by AGI
- How to Find Effective Tax Rate on TurboTax - YouTube
In this TurboTax tutorial, learn how to find effective tax rate on TurboTax You can find your blended tax rate in your Tax Summary after reviewing your tax return on TurboTax
- How does TurboTax calculate my effective tax rate? Seems wrong
You're right that you're not being taxed on deducted income, but the effective tax rate is meant to show the "real world" percentage of your total earnings that went to taxes The purpose of showing this lower percentage is to reflect the benefit of tax deductions and credits
- effective tax rate - Intuit Accountants Community
where is the election to show the effective tax rate on the summary page?
- What is the Effective Tax Rate? 2024 2025
This guide will explain the effective tax rate We will look at what it means, how it is different from the marginal tax rate, and why it matters
- The effective tax rate calculation is wrong on page 1 of my return: 16. . . .
TurboTax divides your total tax from line 12b, by your total income, line 7b, to get the effective tax rate This figure is just informational, it does not appear on your tax return or affect the amount of tax that you pay
- Calculate Effective Tax Rate - Mr. Money Mustache
TurboTax used to generate a cover page affixed to the PDF version of your return that displayed your effective tax rate, but it appears that they no longer do that However, the calculation could not be easier: just divide your Total Tax (line 61 of Form 1040) by your Adjusted Gross Income (line 37)
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