Finance

Tax Bracket Calculator

US federal income tax is progressive: higher portions of income are taxed at higher rates. This calculator walks the 2024 brackets for your filing status and reports the total tax, your marginal rate and your effective rate.

Estimates only. This tool is provided for educational purposes and is not financial advice. It models the figures you enter — it does not know your credit terms, local taxes, or fees. Talk to a licensed adviser before making a decision.

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How to use the tax bracket calculator

  1. Pick your filing status.
  2. Enter your taxable income (after deductions, not gross).
  3. Read the total tax, marginal rate and effective rate.

Marginal vs effective

Your marginal rate is the rate on your last dollar of income. Your effective rate is the average rate across all income, which is always lower because only the top slice is taxed at the highest rate.

A worked example

A single filer with $75,000 taxable income in 2024 pays 10% on the first $11,600, 12% on the next slice up to $47,150, and 22% above that. The total tax is about $12,268 and the effective rate is about 16.4%, even though the marginal rate is 22%.

These are 2024 brackets

Rates and thresholds change most years. This tool uses the 2024 federal brackets and excludes state tax, credits and the alternative minimum tax.

Frequently asked questions

What is my marginal tax rate?

It is the rate applied to your highest dollar of taxable income - the top bracket your income reaches.

What is my effective tax rate?

It is your total tax divided by your taxable income, the true average rate you pay across all brackets.

Does this include state tax?

No. It estimates federal income tax only. Add your state rate separately for a fuller picture.

Are these the current brackets?

The calculator uses the 2024 federal brackets. Thresholds and rates are updated by the IRS most years.

Does it include deductions or credits?

It starts from taxable income you enter, so deductions are already applied. It does not model specific credits.

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