My blended tax rate is showing as 264.3% when I try to file taxes. This is more than 10x what the standard tax rate is for my income bracket. Why is this happening?

[taxlady28]

It is an accounting term that has nothing to do with your real tax rate.

[LindaS5247]

A blended tax rate also known as the effective tax rate is arrived at any number of factors. The effective tax rate for individuals is the average rate at which their earned income, such as wages, and unearned income, such as stock dividends, are taxed. If you received income from a variety of things like stocks and bonds, interest, dividends or self-employment, this may all play a role in determining your blended tax rate. It is hard to tell though without knowing what type of income you received during the year.