Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning, career development, lending ...

Effective tax rate is your average tax rate as a percentage of total income. Marginal tax rate is the tax on your highest dollar earned, not your total income. Historically, top marginal rates have ...

Effective tax rate and marginal tax bracket might seem like complicated tax terms, but they’re simply two different ways to express how much you pay in taxes. The main difference between marginal and ...

Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest, dividends, alimony, retirement distributions, unemployment compensation and Social ...

Ever wonder how much of your income you’re really paying in taxes? Understanding the difference between your marginal tax rate vs. effective tax rate is key to making smarter financial decisions, from ...

Effective and marginal tax rates might not be familiar terms. However, they’re essential concepts to understand because they determine how much income you’ll have to fork over to the government every ...

Estimate how much you may owe or get back in April using our free income tax calculator. Enter your income, age and filing status to get started. Annual gross income Think of this as your salary, or ...

Use our interactive tool to see why your top tax rate isn’t what you actually pay.