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Level 1
April 14, 2023
Question

Why does effective tax rate include the self-employment tax in the Tax Summary? How can I exclude it?

  • April 14, 2023
  • 1 reply
  • 6 views
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1 reply

George4Tacks
Level 15
April 15, 2023

Effective rate is total tax divided by taxable income. Sort of like an average showing how far you have creeped up the marginal rate toward the next and adds in things like SE Tax and various credits. 

You have no control in modifying this summary.

 

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