my adjusted income decreased but my tax rate increased, why?

[jroman837]

2023 2024 Taxable Income $58,450 $57,417 Blended Tax Rate 11.3% 13.2%

[JohnB5677]

Blended tax rate will fluctuate based on income, but also based on how certain income is taxed.

• If you had Capital gains, a home business or other special taxes, they would be a factor.
• Also, tax credits are not deducted from the total tax for the calculation.

The Blended tax rate is calculated under Federal / Federal Review

• To access it, all questions must be answered in the Federal Review.
• At the end of the questions. Look at the bottom of the screen
• It will say Get a detailed view of your numbers

The Blended Tax rate is: 1040 Line 18 divided by Line 15

• Tax liability, Total Tax Line 18
  • Including SE tax, capital gain and special taxes
• Taxable income, Line 15
  • Total income minus deductions, but before credits