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Get your taxes done using TurboTax
@Matt 126 wrote:
Do you know why our blended tax rate was only at 9.8%?
That's just Turbotax averaging your total income against your total tax. It's for information only, has nothing to do with your tax return. In your case, it means that, taking account of gross income, deductions, nontaxable income, and the fact that some of your income was taxed at 10% and some was taxed at 12%, your overall tax was 9.8% of your income.
‎January 30, 2023
1:06 PM