Tax Bracket Calculator 2024
Find your federal tax bracket and calculate how much you owe. See the breakdown by bracket, understand marginal vs effective rates, and learn how to reduce your taxable income.
Income
Pre-Tax Deductions
Deductions
Your Tax Bracket
Marginal tax rate
Income Breakdown
| Gross Income | $85,000 |
| Pre-Tax Deductions | -$6,000 |
| Adjusted Gross Income (AGI) | $79,000 |
| Standard Deduction | -$14,600 |
| Taxable Income | $64,400 |
Tax by Bracket
| Bracket | Income in Bracket | Tax |
|---|---|---|
| 10% | $11,600 | $1,160 |
| 12% | $35,550 | $4,266 |
| 22% | $17,250 | $3,795 |
| Total | $64,400 | $9,221 |
Room in Current Bracket
You can earn $36,125 more before moving into the 24% bracket.
Tax Savings
Tax at Different Income Levels
| Income | Tax | Marginal | Effective | After-Tax |
|---|---|---|---|---|
| $50,000 | $3,296 | 12% | 6.6% | $46,704 |
| $75,000 | $7,021 | 22% | 9.4% | $67,979 |
| $100,000 | $12,521 | 22% | 12.5% | $87,479 |
| $150,000 | $24,099 | 24% | 16.1% | $125,902 |
| $200,000 | $36,099 | 24% | 18.0% | $163,902 |
| $300,000 | $68,165 | 35% | 22.7% | $231,835 |
Understanding Tax Brackets
Marginal vs Effective Rate
Your marginal rate is the tax on your last dollar earned. Your effective rate is total tax divided by total income—always lower because of brackets and deductions.
How Brackets Work
Moving into a higher bracket doesn't mean all income is taxed at that rate. Only income above the threshold is taxed at the higher rate. This is called progressive taxation.
Reducing Taxable Income
Pre-tax contributions (401k, HSA, Traditional IRA) reduce taxable income dollar-for-dollar. Each dollar saved reduces taxes by your marginal rate (e.g., 22% bracket = 22¢ savings per $1).
2024 Federal Tax Brackets
Single Filers
| Rate | Income Range |
|---|---|
| 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% | Over $609,350 |
Married Filing Jointly
| Rate | Income Range |
|---|---|
| 10% | $0 - $23,200 |
| 12% | $23,201 - $94,300 |
| 22% | $94,301 - $201,050 |
| 24% | $201,051 - $383,900 |
| 32% | $383,901 - $487,450 |
| 35% | $487,451 - $731,200 |
| 37% | Over $731,200 |
Frequently Asked Questions
Marginal vs Effective Rate
- Marginal rate: Tax on your last dollar (your bracket)
- Effective rate: Total tax ÷ Total income
Example: $100,000 income (single) = 22% marginal, but only ~15% effective because lower brackets apply to income below $47,150.
How do tax brackets work?
Brackets are progressive—you don't pay your bracket rate on all income. Example for $80,000 single filer:
- First $11,600 × 10% = $1,160
- Next $35,550 × 12% = $4,266
- Remaining $32,850 × 22% = $7,227
- Total: $12,653 (15.8% effective rate)
How to lower your tax bracket
- 401(k): Up to $23,000 ($30,500 if 50+)
- Traditional IRA: Up to $7,000 ($8,000 if 50+)
- HSA: Up to $4,150 single / $8,300 family
- Itemize: If deductions exceed standard deduction