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Curious how my effective tax rate is 44.1% when my taxable income after qualified deductions is $25,758?

Gross of 61,011 with a taxable of 25,758 filing HoH. It claims I owe 11k at a 44% Effective rate. How is this possible?
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1 Reply
ThomasM125
Expert Alumni

Curious how my effective tax rate is 44.1% when my taxable income after qualified deductions is $25,758?

You may have other taxes besides income taxes on your return. You can look at Schedule 2 "Additional Taxes" to see what they may be.

 

To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done 
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