You must have other taxes from Sch 2 in additional to your income taxes that is driving the blended rate higher. Did you have self employment income? If you had a net profit on self employment income, you must pay self employment taxes on your net income. This is in addtional to your income tax. The rate is 15.3% of your self employment income. Did you have an Affordable Care Act premium credit repayment? Something is driving the blended rate to be more than your marginal tax rate, with is 10%. You can review your 1040 in the following steps:
- While in your TurboTax account, select Tax Tools in the left margin
- Select Tools
- Select View a Tax Summary
- In the left margin, select Preview my 1040
- Scroll down till you find Sch 2. That schedule will have any additional taxes you are being assessed.
- Select "Back" when done.
