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Get your taxes done using TurboTax
I think your question formats like this:
Total income $34,180
Deductions $14,600
Taxable income $19,580
blended tax rate X29.2% <== ignore this
taxes paid $3,138
Tax due $2,581
Single with w2
29.2%tax?
If your taxable income (line 16 on the 1040) is really $19,580, then your federal income tax for a Single person should be $2,117 in 2024. I don't know where this $2,581 came from.
And please ignore anything that says "blended tax rate". I have been an Enrolled Agent for 9 years and wrote tax software before that, and I can't tell you what that means. Just ignore it.
Please give me (if you don't mind) lines 16, 18, 21, and 24 from your 1040..
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‎February 26, 2025
4:32 PM