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Get your taxes done using TurboTax
I do not know where they are getting that information however, you can find your effective tax rate at the bottom of your 2-year comparison. It is also stated on the TurboTax Filing Instructions page if you print a copy of your return.
It's possible to calculate your effective tax rate by looking at the Form 1040 and dividing the number on line 16, the "Total Tax," by the number on line 11(b), the "Taxable Income."
Over the years there use to be times when TurboTax calculated this rate on the return but not so much now.
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‎February 24, 2021
10:46 AM