☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 15, 2024 10:24:58 AM

How does turbotax compute effective tax rate? It seems AGI is used vs taxable income (i.e., income after deductions).

0 1 4403
1 Replies
Expert Alumni
Apr 15, 2024 10:59:37 AM

Effective tax rate is "diluted" as it were to account for all gross income, before adjustments or deductions.