Your blended tax rate is generally the amount of tax you paid for the tax year, divided by your adjusted gross income (AGI) for that tax year.
Your effective tax rate is the total taxes you paid divided by your total gross income.
It is considered a blended rate after taking the Standard Deduction into account.
It changes based on your gross income and your Standard Deduction. This is not the same as your tax bracket.
A tax bracket is a range of incomes that are taxed at a set rate based on your taxable income.
There are seven tax brackets of varying size, with the lowest bracket being subject to a 10% marginal tax rate and the highest being subject to 37% marginal tax rate. Your marginal tax rate is dependent on your taxable income within the brackets.
Click here for information on lowering your effective tax rate.
Click here for tax bracket calculator 2023.