Tax Bracket Calculator
Easily find your 2024 & 2025 tax brackets. Enter your taxable income and filing status to see your marginal tax rate, effective tax rate, and estimated federal income tax.
Find Your Federal Tax Bracket
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How to Use the Tax Bracket Calculator
Our tool makes it simple to understand your tax situation. Follow these steps:
- Enter Your Taxable Income: This is your gross income minus any deductions.
- Select Your Filing Status: Choose Single, Married Filing Jointly, Married Filing Separately, or Head of Household.
- Choose the Tax Year: Select either the 2024 tax brackets or the upcoming 2025 tax brackets.
- Click Calculate: Instantly see your results, including your marginal tax bracket, your estimated total federal tax, and your effective tax rate.
Why Use a Tax Bracket Calculator?
Tax brackets can be confusing because the U.S. uses a progressive tax system. This means different portions of your income are taxed at different rates. For example, if you are in the 22% tax bracket, your entire income is not taxed at 22%. Instead, only the portion of your income that falls within that specific bracket is taxed at that rate. Our calculator makes it easy to see this breakdown without needing to manually go through complex IRS tax tables.
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FAQs About Tax Brackets
Q1: What are the 2024 tax brackets?
A: The IRS released updated income ranges for the 2024 tax brackets to account for inflation. The seven federal income tax rates remain 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Our calculator has the exact income thresholds for each filing status for 2024.
Q2: What about the 2025 tax brackets?
A: The 2025 tax brackets have also been adjusted for inflation. The income thresholds are slightly higher, meaning you can earn more before moving into the next bracket. You can select 2025 in our calculator to plan for the next tax year.
Q3: How do I calculate my effective tax rate?
A: Your effective tax rate is your total tax liability divided by your total taxable income. It represents your overall average tax rate. Our calculator shows this automatically to give you a clearer picture of your tax burden.
Q4: Why is my entire income not taxed at my highest bracket?
A: Because the U.S. uses a progressive tax system, only the income that falls *within* a specific bracket is taxed at that bracket's rate. For example, everyone pays 10% on their first portion of taxable income, regardless of their total income.