To calculate your effective tax rate, you need two numbers: the total amount you paid in taxes and your taxable income for ...

Your marginal tax rate is the highest tax rate you will pay. Use our calculator to determine your marginal tax rate for the 2024 tax year.

Sales tax is a percentage of a retail price. To calculate it, convert the state sales tax percentage to a decimal, then multiply it by the retail price of the product or service.

Knowing your effective tax rate gives you a clear picture of your tax liability each year.

It's smart to calculate your effective tax rate each year to make adjustments to your withholding amount and budget for the year ahead. Your tax preparer may provide you with your effective tax ...