Updated for the 2024/2025 tax season. Estimate your federal tax liability and effective tax rate in seconds.
Using standard deduction of $14,600 for 2024.
This is the tax rate applied to your highest dollar earned. It's often what people refer to as their "tax bracket" (e.g., 22% or 24%).
This is the actual percentage of your total income that goes to the IRS. It is almost always lower than your marginal rate because early dollars are taxed at lower rates (10%, 12%).
The standard deduction reduces your taxable income. For the 2024 tax year (filing in 2025), the amounts are:
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