I'm finishing my taxes, and something seems wrong. Total income is $93,093, deductions are $54,593, taxable income is $38, 500, blended tax rate is a whopping 61.3%, yielding a tax liability of $23,587.
Can anyone suggest what may have gone wrong, or explain why this would be correct?
It also shows me getting a refund of about $3,000 on my state return.
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To see where this tax is coming from you can preview your 1040. Here's how:
On the Form 1040 check line 12a to see where the tax is coming from.
Then check Schedule 2 to see if any additional taxes are coming from there.
Actually, the largest part of it turned out to be related to health insurance marketplace payments.
Thanks so much.
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