You tax return is good to go and can be filed; you should ignore that Blended Tax Rate number. Take a look at this article that explains the marginal and effective tax rates. These ratios are more commonly used and more useful to you as a taxpayer.
Blended tax rate = tax liability / taxable income, but as shown below, the number is a modified version of the effective tax rate, used only by TurboTax.
More detailed, the Blended Tax rate is:
- Tax liability (Including SE tax, capital gain and special taxes),
- Divided by ÷
- Taxable income (Total income minus deductions, but before credits).
There is a supplemental form included with your tax return titled Tax History. Take a look at that page; the next to last line is your Effective Tax Rate. You can see your rate has been about 8% since 2022. So, there is nothing alarming on this year's return compared to previous years. You can file your return with confidence!
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