Calculate the actual tax rate on every additional dollar of income. Understand tax bracket effects and optimize bonus, side income, and salary negotiation decisions.
Zero Dependencies Β· Works Offlineπ’ Income & Deductions
Total income including salary, bonuses
Bonus, side gig, or raise amount
Standard deduction based on filing status
π Understanding Marginal Tax Rate
Marginal vs Effective Rate
Marginal rate is the tax rate on your next dollar of income. For example, earning an extra $10,000 might be taxed at 22%. Effective rate is your total tax divided by total income β usually lower due to progressive brackets.
Why Marginal Rate Matters
Knowing your marginal rate helps: 1) Negotiate salary knowing take-home pay; 2) Decide whether to take extra work; 3) Plan bonuses; 4) Optimize retirement contributions and investments.
2024 US Federal Tax Brackets (Single)
10%: $0-$11,600 | 12%: $11,601-$47,150 | 22%: $47,151-$100,525 | 24%: $100,526-$191,950 | 32%: $191,951-$243,725 | 35%: $243,726-$609,350 | 37%: $609,351+