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From explanation of break down of federal refund, the tax bracket turbotax used is Blended Tax rate 16%. I am in tax bracket 12% in 2024. Could you tell me why

I just use turbotax online software free version to try filling my tax return. In the summary of Federal Review, I see my tax rate is blended tax rate 16%. why is that?
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MindyB
Employee Tax Expert

From explanation of break down of federal refund, the tax bracket turbotax used is Blended Tax rate 16%. I am in tax bracket 12% in 2024. Could you tell me why

The blended rate that appears higher than expected may be due to self-employment tax. The blended rate includes both regular tax and self-employment tax. The formula is tax liability divided by taxable income. This rate is for your information only. It is not used anywhere else.

 

Here is an article you may find helpful: What is My Tax Bracket?

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