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G
greene2000
March 13, 2020
Question

My blended tax rate went from 15/5% in 2018 to 18.8% in 2019 but my income only increased $4000 which did not change tax brackets. Why the big jump this year?

  • March 13, 2020
  • 1 reply
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1 reply

M
MinhT1
March 13, 2020

The blended tax rate is for information only and is just a 'rough' calculation obtained by dividing your tax liability by your taxable income.

 

It can vary from year to year, depending on whether you have any items of income which may be taxed at lower tax rates, such as long-term capital gains or qualified dividends.

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