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Get your taxes done using TurboTax
Using this formula:
Effective tax rate % = 100 * (Tax + Alternative min tax - Total credits) / (Adjusted gross income)
exactly reproduces the reported value in my "Tax History Report" for the all the years I have been using TurboTax (2019 - 2024). The formula does not include "Other taxes" (at least the ones I pay).
Hope this helps.
March 15, 2025
12:00 PM