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Get your taxes done using TurboTax
Hello again Amy! I get that and it did ask our line 15 taxable wages...which I assume it somehow used to calc a tax rate to apply to her total income.
However, on my tax form, it shows my 'effective rate'.
I assume it applies some other sort of rate to her income? My 'effective rate is no where near 25% and that's what it says she owes in total... maybe right...just trying to understand what rate its using. I know TT used to show my 'tax rate' (I do not recall what they called it) and an 'effective rate'. Maybe my 'tax rate' is indeed close to 25%...does that ring a bell...is that what they use? This year I only see my 'effective rate...if that should be used it is not!
March 1, 2021
2:44 PM