@jrbader1 - I meant the total tax (1040 line 63) divided by AGI. (I corrected)
On a test return I divided line 63 ($26,774) by 38 ($166,779) * 100 = 16.053
The effective tax rate calculated by TurboTax on a PDF printout was 16.05%
That looks fine to me. Where do you see it different?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
