- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
Even though Devin's answer is dated in 2019, it is actually much older (there was a merging of 2 websites done last year) and he is referencing an older version of a 1040 tax forms. 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 which is included when you print a copy of your return.
An individual can calculate their effective tax rate by looking at their Form 1040 and dividing the number on line 16, the "Total Tax," by the number on line 11(b), the "Taxable Income."
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
May 15, 2020
12:36 PM