Tax Bracket Calculator โ What's Your Federal Tax Rate for 2024?
Calculate your federal income tax bracket, effective rate, and tax owed for 2025.
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Your Results
Total Federal Tax
$8,994
Effective rate: 10.6%
Marginal Rate
22.0%
On next dollar earned
Income by Tax Bracket
| Gross Income | $85,000 |
| Standard Deduction | $15,000 |
| Other Deductions | $6,000 |
| Taxable Income | $64,000 |
| Total Federal Tax | $8,994 |
| Effective Rate | 10.6% |
| Marginal Rate | 22.0% |
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How This Calculator Works
Tax = Sum of (Income in each bracket ร bracket rate)
Effective Rate = Total Tax รท Gross Income. Standard deduction reduces taxable income.
Frequently Asked Questions
2024 single filer brackets: 10% to $11,600. 12% to $47,150. 22% to $100,525. 24% to $191,950. 32% to $243,725. 35% to $609,350. 37% above.
Marginal rate: tax rate on your last dollar earned (e.g., 22%). Effective rate: total tax รท total income (often 14-18%). Always lower than marginal due to lower brackets on lower income.
Only the dollars above the bracket threshold are taxed at the higher rate. A $100 raise pushing into the 24% bracket means only that $100 is taxed at 24% โ not your entire income.
Pre-tax deductions (401k, HSA, traditional IRA) reduce taxable income directly. Standard deduction in 2024: $14,600 single, $29,200 married. This is subtracted before brackets apply.
$14,600 for single filers. $29,200 for married filing jointly. $21,900 for head of household. These reduce your taxable income before any bracket is applied.
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Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.