cjnbutler
New Member

I have complete my 2018 taxes, my tax rate is 11.01% while if I calculate it manually it is 13.4% why is the amount of tax that is due not the 11.01%

 

State tax filing

Where are you seeing this rate?
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State tax filing

There is not a tax rate that is 11.01%. If you are looking at your effective tax rate many things go into computing that and it's not something that is really useful. 

The tax rates for 2018 are 10%, 12%, 22%, 24%, 32%, 35%, and 37%

Various credits you may have received will affect your effective tax rate. 

Those rates are applied to your regular income.  If some of your income is from Capital Gains that income is taxed between 0%-37%.  If you are in a 10% or 12% tax bracket, then your capital gains tax is probably 0%.  

If you are a student under 24 and have scholarship income or other UN Earned income, this income is taxed using a formula.  The worksheet is on page 4 of the following link. https://www.irs.gov/pub/irs-pdf/i8615.pdf

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