emeraldstarr
Returning Member

Last year my blended tax rate was 79%. This year my taxable income is less, but my blended tax rate is showing as 204%. Why is turbo tax calculating it so high?

We did not have any significant life changes this year other than letting go of one of our part-time jobs. I would think a lower income would mean a lower tax bracket. So why is my blended tax rate so high?