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In the tax summary my daughter's taxable income is $26 but the blended tax rate is showing as 1173.1%. This is calculating a tax liability of $305. Should be 11.7%?
Last year her taxable income was $565 with a blended rate of 11.7%. Seems like turbo tax has an error in 2024 rate and it should be 11.7% not 1173.1%.
March 29, 2025
12:51 PM