turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My Taxable Income: $9300. Blended Tax Rate 31.5% is abnormal, how to solve it

My Taxable Income: $9300.31.5%

I did it for a month (the first time) and I can’t do it anymore

can you help me? Thank you!

SharedScreenshot.jpg

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

My Taxable Income: $9300. Blended Tax Rate 31.5% is abnormal, how to solve it

Do you have self-employment income? That is subject to an additional self-employment tax of approx 15%.  

MinhT1
Expert Alumni

My Taxable Income: $9300. Blended Tax Rate 31.5% is abnormal, how to solve it

This happens when you have self-employed income and have to pay self-employment tax.

 

At $9,300 your tax rate is 10%. The rest of the tax is self-employment taxes which are assessed at 15.3% of 92.35% of your self-employed income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question