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January 27, 2021
Question

On my Federal tax return pdf, there is an effective tax rate of -27%. Does that mean an additional 27% will be taken off my return?

  • January 27, 2021
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1 reply

DMarkM1
January 27, 2021

Not at all.  That is an information only page.  This indicates that based on the tax return information your income as compared to your taxes show a rate of -27%.  That normally is a result of getting some refundable credits which pushed your refund above your what your taxes were.     

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