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carol601
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How to find previous year effective tax rate

 
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How to find previous year effective tax rate

Look at your previous year tax return. Your effective tax rate is your total tax divided by your taxable income. In our example, your tax bill is $11,017 and your taxable income is $70,000. Your effective tax rate would be $11,017 divided by $70,000, or 15.7%. Your taxable income is on line 15 of form 1040.

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