If you have $30K less in both gross and taxable income, and more in deductions, how is it possible to end up with a 27.8% blended tax rate in 2024 vs 19.1% in 2023?

Tax Credits also remained the same.

386

Expert Alumni

Apr 10, 2025 4:53:05 PM

Self employment income would change the values. Kids growing up. There are so many factors. See Why did my refund go down compared to last year's?