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April 15, 2024
Question

How does turbotax compute effective tax rate? It seems AGI is used vs taxable income (i.e., income after deductions).

  • April 15, 2024
  • 1 reply
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1 reply

SusanY1
April 15, 2024

Effective tax rate is "diluted" as it were to account for all gross income, before adjustments or deductions.   

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