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Effective Tax Rate Confusion
So, from previous posts, it seem TT"s "Effective Tax Rate" is meaningless. Unfortunate.
So, what is it that I look at to determine the tax bracket I'm in. I see brackets that say for 2024, Single
11K-47K is 12%
47K-100K is 22%.
100-191K is 24%
So which line item in TT do I look at to determine the bracket? Is it what they label "Taxable Income"? Or something else?
‎February 13, 2025
1:59 PM