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:
The Effective Tax rate is your:
Effective tax rate doesn't consider SE tax and any penalties, and blended tax rate does. Blended tax rate is a confusing and unnecessary term to be using in TT, and gets everybody all upset.
You can compute it yourself with a calculator.
Effective tax rate is something Turbo Tax uses to help you see where you stand; to see which W-2 may be deficient in withholding the correct amount of Federal tax, etc.
It should be the tax divided by the total income, not the AGI. It is a number without any real value other than just to let you know when you earn $1, about x% is taxed.
For more effective information see:
It is an accounting calculation that means nothing to you and not worth trying to understand. I wish TurboTax would just get rid of it.
Thanks for your detailed answer. So, can I just proceed with filing with TurboTax?