$95k income, single filer
- Tax ≈ $17,400
- Effective rate ≈ 18.3%
- Marginal rate = 24%
finance calculator
Tax Bracket Estimator
Estimate US federal income tax and marginal/effective rates based on filing status and taxable income.
Results
- Estimated tax
- $16,208 USD
- Effective tax rate
- 17.06%
- Marginal rate
- 22.00%
How to use this calculator
- Enter your taxable income after deductions and credits.
- Select filing status (single or married filing jointly).
- We apply 2024 brackets to show total tax, effective rate, and marginal rate.
Inputs explained
- Taxable income
- Income after deductions/adjustments. Use your 1040 taxable income line for best accuracy.
- Filing status
- Pick single or married filing jointly to use the correct bracket thresholds.
How it works
We apply 2024 IRS tax brackets for single or married filing jointly statuses, summing the tax owed at each bracket.
Effective rate = total tax ÷ taxable income. Marginal rate is the bracket rate for your last dollar of income.
Formula
Piecewise tax calculation using IRS brackets; see plan docs for current thresholds.
When to use it
- Estimating taxes on a raise, bonus, or freelance income.
- Understanding where your next dollar of income will be taxed.
- Planning Roth vs traditional contributions by looking at marginal rates.
Tips & cautions
- Use taxable income, not gross salary—deductions and pre-tax contributions reduce the number you enter.
- Try multiple income amounts to see when you cross into a higher marginal bracket.
- State/local taxes are separate; add them manually if you need a combined view.
- Uses static 2024 US federal brackets; laws change and other filing statuses are not included here.
- Does not model credits, AMT, or phaseouts that can change effective rates.
- Outputs are estimates; real returns depend on your full tax situation.
Worked examples
$150k income, married filing jointly
- Tax ≈ $21,000
- Effective rate ≈ 14%
- Marginal rate = 22%
Deep dive
Estimate US federal tax owed plus effective and marginal rates using current brackets for single or married filers.
Great for planning bonuses, side income, or contribution strategies when you want a quick bracket check.
FAQs
- Does this include deductions?
- No. Enter taxable income after deductions and credits.
- Are state taxes included?
- No. This tool focuses on US federal tax brackets only.
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Federal tax laws change regularly. Consult a tax professional for official planning.