Simada
New Member

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.