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Retirement tax questions
the only logical calculation for effective tax rate is Total Tax / Taxable Income. However, TT doesn't seem to do that. After messing around with various combinations, I found that on my return the calculation is:
Total Tax before other taxes (sched 2, line 21 in 2022) / AGI
I suppose you can make a case for this, but I still would prefer the more logical calculation.
May 9, 2023
9:21 AM