Hi RJS - Thank you for the two replies. I just did the division you suggested and it comes to the 6.15%, as you thought. However, that still doesn't answer my primary question - How can I confirm my Federal Tax Rate (12%), using TurboTax? That's what I am trying to do here, confirm the math on my Federal return, to match-up to the 2023 Federal Tax Rate Chart. I'll reply to your response above too, but thanks for confirming the math above.
Also, RJS - Can you provide your credentials? Are you a Tax Advisor/Tax preparer? Do you work for Intuit or are you a TT community supporter? I'm a retired engineer/Tech Exec, been doing my own taxes on TT for many many years, but at a point now where we may do some Roth IRA Conversion, hence I want to know (and confirm) our current Federal Tax rate on TT first (which is my struggle here). After that, I'll want to do an estimate of our 2024 Taxes (not using TT, I know), but on a spreadsheet I made, using new income figures I have prepared. After that, I'll know, what I have to play with, and decide whether to keep us in the low 12% bracket (below the $94,300 max), or whether we want to convert more, and bump us up into the 22% bracket (we're close to it this year, I think), all without risking bumping up into the next tax bracket (24%). That's the exercise I am trying to do here.
