Your blended tax rate is the amount of tax you paid (or will pay) for the year, divided by your adjusted gross income (AGI). This is simply "informational." TurboTax does not use the blended rate to calculate your taxes. The IRS specifies the method, depending on the type of income shown in your return.
To see the method used to calculate your taxes, go to the Federal 1040 and look at the Tax Smart Worksheet. To view the Tax Smart Worksheet, please follow these steps:
TurboTax Online
- While in your return, click Tax Tools > Tools (in the black bar at the left of the screen).
- Under "Other helpful links" click on View Tax Summary.
- Click on the Preview my 1040 link in the black bar.
- Using the scroll bar at the side of the 1040 window, scroll to the Tax Smart Worksheet between lines 11 and 12.
- Line A will contain the amount of tax calculated, along with an X indicating the method used to calculated your tax.
- To go back to your return, click on the Back link in the black bar.
TurboTax Desktop
- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar at the top of your screen.
- In the Forms in My Return list, click on 1040/1040SR Wks.
- Using the scroll bar at the side of the 1040 window, scroll to the Tax Smart Worksheet between on page 3.
- Line A will contain the amount of tax calculated, along with an X indicating the method used to calculated your tax. To view the worksheet, right-click on the number in line A and select Data Source from the menu that pops up.
