The Effective Tax rate is your:
- Total income (line 9)
- Deductions (Line 12) This is Itemized or Standard
- Taxable Income (Line 9 – Line 12)
- Blended Tax Rate (Tax Liability [below] / Taxable Income [above])
- Tax Liability (Line 16 + Line 23)
- Taxes Paid (line 25d)
Credits (Line 21)
Total Tax Paid (Line 21 + Line 25d)
Refund/Due (Line 34 or Line 37)
Effective tax rate doesn't consider SE tax and any penalties.
For more effective information see:
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