Once I printed the actual 1040 for review, the term "Blended Tax Rate" was no longer used and the "Effective Tax Rate" was represented. My tax owed is exactly what the Tax Table from the IRS 1040 instructions represents. I originally had confusion as I owed additional monies for a premium tax credit I was no longer qualified for. However, Turbo Tax did not break this down until the actual 1040 was printed (at this point you must pay for TurboTax), so I thought my tax owed was being over-estimated. Also, after speaking with a representative from TurboTax Live, they explained that the term "Blended Tax Rate" is not an official term and is not referring to anything regarding self-employment, etc. They agreed that it was a confusing term.
