Effective Tax Rate Calculator

Calculate your effective tax rate and compare it with your marginal tax rate

Revenus & Détails fiscaux

Déduction standard pour [status]: $[amount]

Crédit d'impôt pour enfants, Crédit d'impôt sur les revenus gagnés, etc.

Ready to Calculate

Enter your tax details to calculate your effective tax rate.

How to Use the Effective Tax Rate Calculator

1

Enter Gross Income

Start by entering your total gross income before any deductions or taxes. This includes wages, salaries, and other taxable income.

2

Select Filing Status

Choose your tax filing status (Single, Married Filing Jointly, etc.) as this affects your tax brackets and calculations.

3

Add Deductions and Credits

Enter your total deductions (standard or itemized) and tax credits. These reduce your taxable income and tax liability.

4

Review Results

Compare your effective tax rate (average rate) with your marginal tax rate (rate on additional income) and see the detailed breakdown.

Tax Planning Tips

1

Maximize deductions by itemizing if it reduces your tax more than the standard deduction

2

Consider tax-advantaged retirement accounts like 401(k) or IRA to reduce taxable income

3

Take advantage of tax credits for education, energy efficiency, or child care expenses

4

Review your withholding to avoid large refunds or underpayment penalties

5

Consider tax-loss harvesting in investment portfolios to offset capital gains

6

Plan charitable contributions strategically to maximize tax benefits

7

Understand the difference between effective and marginal tax rates for better planning

8

Consider state tax implications when making relocation decisions

9

Review your tax situation annually as tax laws and brackets can change

10

Consult with a tax professional for personalized advice and complex situations